Alaska § 21.87.270 - Joint operations.
Full text of Alaska Alaska Statutes § 21.87.270 — Joint operations., with citation guidance and answers to common questions.
§ 21.87.270. Joint operations.
(a) A hospital service corporation and a medical service corporation may operate under joint management for the purpose of reducing operating costs.
(b) Separate records and accounts shall be kept for each corporation, and the funds and assets of one may not be commingled with those of the other; except that funds received from a joint billing to subscribers may be deposited in a common bank account for purposes of collection, if the records of each corporation at all times show the amount of the funds belonging to each and if final distribution of the funds is made to each corporation within 30 days from receipt of payment of the joint billing.
Frequently Asked Questions About Alaska § 21.87.270
What does Alaska Statutes § 21.87.270 cover?
Section 21.87.270 ("Joint operations.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 21.87.270?
A common citation format is "Alaska Statutes § 21.87.270" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 21.87.270 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.