Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 21 - Insurer - Financial
Article 3 - Record and Financial Reporting
3 AAC 21.480 - Corporate minutes book
Universal Citation: 3 AK Admin Code 21.480
Current through February 24, 2025
(a) As used in AS 21.69.390(d)(8), a "corporate minutes book" must include the minutes of all proceedings of shareholders, members, the board of directors, and each committee of the board of directors. The minutes of the board of directors must include all
(1) resolutions adopted and acts taken by the
board of directors; and
(2)
resolutions adopted by a committee of the board of directors that must be
adopted or approved by the board under AS 21.
(b) In this section, "committee of the board of directors" means a committee in which a majority of the members of the committee are members of the board of directors.
Authority:AS 21.06.090
AS 21.69.390
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