(a) The Alaska Aerospace Corporation is created as a public corporation of the state. The corporation is a body corporate and politic located for administrative purposes within the Department of Military and Veterans' Affairs and affiliated with the University of Alaska but with a separate and independent legal existence.
(b) The corporation may not be terminated as long as it has bonds, notes, or other obligations outstanding. If the corporation is terminated, it shall be terminated in a manner that permits the University of Alaska and Poker Flat Research Range to continue their research and educational missions uninterrupted.
Section: 26.27.010 26.27.020 26.27.030 26.27.040 26.27.050 26.27.060 26.27.070 26.27.080 26.27.090 26.27.100 26.27.110 26.27.120 26.27.130 26.27.140 26.27.150 NextLast modified: November 15, 2016