A financial institution may request membership in the corporation by making application to the board of directors on the form and in the manner the board of directors require, and membership becomes effective upon acceptance of the application by the board.
AS 10.10.060
Admission to membership
Known as the Business and Industrial Development Corporation Act
The act spans §§ 10–10 (23 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.