{"data":{"id":"us-ak/as-10.10.140","jurisdiction":"us-ak","citation":"AS 10.10.140","heading":"Designation of depository; prohibition against receiving deposits.","body":"The corporation may not deposit any of its funds in a banking institution unless the institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of a director who is an officer or director of the depository. The corporation may not receive money on deposit.","path":["Title 10. Corporations and Associations.","Chapter 10. Business and Industrial Development Corporation Act."],"source_url":"https://www.akleg.gov/basis/statutes.asp#10.10.140","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:39Z","sha256":"ef4c228acb8807acf9c0c3a3f940e95c676891a4f7033dfab91762f580f3d1c5","source_id":"us-ak","stale":false,"prev":"us-ak/as-10.10.130","next":"us-ak/as-10.10.150"},"notice":"GroundRules: Original legal text. Not legal advice."}