Alaska Statutes
Alaska Stat. § 10.25.140 (2026)
Board of directors
✓ current as of July 2026
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Sec. 10.25.140. Board of directors.
The business of a cooperative shall be managed by a board of not less than five directors, each of whom shall be a member of the cooperative or of another cooperative which is a member of it. The bylaws shall prescribe the number of directors, their qualifications other than those prescribed in this chapter, and the manner of holding meetings of the board of directors and of electing successors to directors who resign, die, or are otherwise incapable of acting. The bylaws shall provide for the removal of directors from office for cause and for the election of their successors. Directors may not receive salaries for the services as directors and, except in emergencies, may not receive salaries for their services in any other capacity without the approval of the members. The bylaws may, however, prescribe a fixed fee for each day of attendance at a meeting of the board of directors or other meeting while officially representing the cooperative and for each day of necessary travel to and from a meeting of the board of directors or other meeting while officially representing the cooperative and may provide for insurance and reimbursement of actual expenses incurred while performing duties as a director.
The business of a cooperative shall be managed by a board of not less than five directors, each of whom shall be a member of the cooperative or of another cooperative which is a member of it. The bylaws shall prescribe the number of directors, their qualifications other than those prescribed in this chapter, and the manner of holding meetings of the board of directors and of electing successors to directors who resign, die, or are otherwise incapable of acting. The bylaws shall provide for the removal of directors from office for cause and for the election of their successors. Directors may not receive salaries for the services as directors and, except in emergencies, may not receive salaries for their services in any other capacity without the approval of the members. The bylaws may, however, prescribe a fixed fee for each day of attendance at a meeting of the board of directors or other meeting while officially representing the cooperative and for each day of necessary travel to and from a meeting of the board of directors or other meeting while officially representing the cooperative and may provide for insurance and reimbursement of actual expenses incurred while performing duties as a director.
Notes of Decisions
Cited in 3
cases, 1990–2004 · leading case: Matanuska Elec. Ass'n v. Rewire the Bd., 36 P.3d 685 (Alaska 2001).
Matanuska Elec. Ass'n v. Rewire the Bd., 36 P.3d 685 (Alaska 2001). “First, MEA argues that the "for cause" requirement of AS 10.25.140 37 and article IV, section 5 of the MEA bylaws 38 would be meaningless unless petitioners were required to prove that cause actually existed.”
Zoerb v. Chugach Elec. Ass'n, Inc., 798 P.2d 1258 (Alaska 1990). “080(a) and AS 10.25.140 allow members of one cooperative, which is a member of the cooperative at issue, to become incorpo-rators or directors of the subject cooperative.”
Matanuska Elec. Ass'n, Inc. v. Waterman, 87 P.3d 820 (Alaska 2004). “" AS 10.25.140. 5 . 'The business and affairs of the Association shall be managed by a board of seven (7) members which shall exercise all of the power of the Association except such as are by law, the Articles of Incorporation or these Bylaws, conferred upon or reserved to the…”
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