Alaska § 42.40.600 - General provisions.
Full text of Alaska Alaska Statutes § 42.40.600 — General provisions., with citation guidance and answers to common questions.
§ 42.40.600. General provisions.
(a) Upon receiving legislative approval under AS 42.40.285 the corporation may issue bonds by resolution to provide money to carry out its purposes.
(b) Bonds may be issued in one or more series and shall, as provided by the resolution of the board, (1) be dated;
(2) bear fixed or variable interest at a specified rate or rates per year or within a maximum rate;
(3) be in a specified denomination;
(4) be in a coupon or registered form;
(5) carry conversion or registration provisions;
(6) have a specified rank or priority;
(7) be executed in the specified manner and form;
(8) be payable as specified from the sources, in the medium of payment, and place or places inside or outside the state;
(9) be subject to authentication by a trustee or fiscal agent; and
(10) be subject to terms of redemption with or without premium.
(c) Bonds may be sold in the manner, on the terms, and at the price the board determines. Notes shall mature at the time or times determined by the board. Except for bond anticipation notes, notes, or other obligations, bonds shall mature at the time, not exceeding 50 years from their date, determined by the board.
Frequently Asked Questions About Alaska § 42.40.600
What does Alaska Statutes § 42.40.600 cover?
Section 42.40.600 ("General provisions.") 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 § 42.40.600?
A common citation format is "Alaska Statutes § 42.40.600" (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 § 42.40.600 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.