In this chapter, unless the context otherwise requires, (1) 'board of directors' means the board of directors of the corporation created under this chapter; (2) 'commissioner' means the commissioner of commerce, community, and economic development; (3) 'corporation' means the Alaska Business and Industrial Development Corporation created under this chapter; (4) 'financial institution' means a banking corporation or trust company, savings and loan association, insurance company or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing funds; (5) 'loan limit' means for any member, the maximum amount permitted to be outstanding at one time on loans made by the member to the corporation, as determined under this chapter; (6) 'member' means a financial institution authorized to do business within this state that undertakes to lend money to a corporation created under this chapter, upon its call, and in accordance with this chapter.
Alaska Legal Code