Alaska Statutes
Alaska Stat. § 10.20.005 (2026)
Purposes
✓ current as of July 2026
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Sec. 10.20.005. Purposes.
Corporations may be organized under this chapter for any lawful purpose, including, but not limited to, one or more of the following: charitable; religious; benevolent; eleemosynary; educational; civic; cemetery; patriotic; political; social; fraternal; literary; cultural; athletic; scientific; agricultural; horticultural; animal husbandry; and professional, commercial, industrial, or trade association purposes. Trade unions and other labor organizations may also be organized under this chapter, but cooperative corporations, electric and telephone cooperatives, and organizations subject to state insurance or banking laws may not be organized under this chapter.
Corporations may be organized under this chapter for any lawful purpose, including, but not limited to, one or more of the following: charitable; religious; benevolent; eleemosynary; educational; civic; cemetery; patriotic; political; social; fraternal; literary; cultural; athletic; scientific; agricultural; horticultural; animal husbandry; and professional, commercial, industrial, or trade association purposes. Trade unions and other labor organizations may also be organized under this chapter, but cooperative corporations, electric and telephone cooperatives, and organizations subject to state insurance or banking laws may not be organized under this chapter.
Notes of Decisions
Cited in 1
case, 1987–1987 · leading case: Herning v. Eason, 739 P.2d 167 (Alaska 1987).
Herning v. Eason, 739 P.2d 167 (Alaska 1987). “The Church incorporated in 1947 under §§ 971-76 CLA (1933), the forerunner of the Alaska Nonprofit Corporation Act, AS 10.20.005 —.725. The 1968 amendments to the Nonprofit Corporation Act expressly authorized proxy voting for the first time.”
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