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13 chapters · 955 sections in this title.
AS 10.06.005 Purposes.
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A corporation may be organized under this chapter for any lawful purpose.
AS 10.06.010 General powers.
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Subject to the limitations in its articles of incorporation, the provisions of this chapter and other applicable law, a corporation has all the powers of a natural person in carrying out its business activities, including, without limitation, the power to (1) have perpetual succe…
AS 10.06.015 Defense of ultra vires.
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(a) An act of a corporation or a transfer of real or personal property to or by a corporation, otherwise lawful, is not invalid because the corporation was without capacity or power to do the act or to make or receive the transfer, but the lack of capacity or power may be asserte…
AS 10.06.020 Limitations on powers of shareholders, officers, and directors.
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A limitation upon the powers of the shareholders, officers, or directors, or the manner or exercise of their powers, contained in or implied by the articles of incorporation, bylaws, or action of the board, or by AS 10.06.605 — 10.06.678 or 10.06.705 — 10.06.788 or by a sharehold…