Alaska Statutes
Alaska Stat. § 14.40.250 (2026)
Regents to act as trustees and administer money or property
✓ current as of July 2026
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Sec. 14.40.250. Regents to act as trustees and administer money or property.
The Board of Regents may receive, manage, and invest money or other real, personal, or mixed property for the purpose of the University of Alaska, its improvement or adornment, or the aid or advantage of students or faculty, and, in general, may act as trustee on behalf of the University of Alaska for any of these purposes. The regents shall prepare a written report, in accordance with AS 14.40.190(a), as to the administration and disposition of money received under this section.
The Board of Regents may receive, manage, and invest money or other real, personal, or mixed property for the purpose of the University of Alaska, its improvement or adornment, or the aid or advantage of students or faculty, and, in general, may act as trustee on behalf of the University of Alaska for any of these purposes. The regents shall prepare a written report, in accordance with AS 14.40.190(a), as to the administration and disposition of money received under this section.
Notes of Decisions
Cited in 1
case, 1975–1975 · leading case: Univ. of Alaska v. Nat'l Aircraft Leasing, Ltd., 536 P.2d 121 (Alaska 1975).
Univ. of Alaska v. Nat'l Aircraft Leasing, Ltd., 536 P.2d 121 (Alaska 1975). “The regents shall be appointed by the governor, subject to confirmation by a majority of the members of the legislature in joint session.”
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