A professional corporation may not engage in business; however, it may own real and personal property necessary for or appropriate in rendering its own professional services and may invest its funds in all types of investments.
AS 10.45.040
Prohibition against engaging in business; property and investments
Known as the Professional Corporation Act
The act spans §§ 10–10 (25 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.