The duration of the corporation shall be 50 years, subject, however, to the right of the stockholders and the members to dissolve the corporation before the expiration of that period as provided in AS 10.10.180.
AS 10.10.170
Duration of corporation
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.