(a) The governor may remove a public member of the board from office only for cause. A removal by the governor must be in writing and must state the reason for the removal. A member who is removed by the governor may not participate in board business and may not be counted for purposes of establishing a quorum after the member receives written notice of removal from the governor.
(b) A vacancy on the board shall be promptly filled by appointment by the governor. An appointee to a vacancy shall hold office for the balance of the term for which the appointee's predecessor on the board was appointed.
(c) A vacancy on the board does not impair the authority of a quorum of the board to exercise all the powers and perform all the duties of the board.
Structure Alaska Statutes
Chapter 13. Alaska Permanent Fund and Corporation
Article 1. Alaska Permanent Fund.
Sec. 37.13.010. Alaska permanent fund.
Sec. 37.13.040. Alaska Permanent Fund Corporation.
Sec. 37.13.050. Composition and qualifications of board of trustees.
Sec. 37.13.060. Term of office.
Sec. 37.13.070. Removal and vacancies.
Sec. 37.13.080. Quorum and voting.
Sec. 37.13.090. Compensation of board members.
Sec. 37.13.100. Corporation staff.
Sec. 37.13.110. Conflicts of interest.
Sec. 37.13.120. Investment responsibilities.
Sec. 37.13.145. Disposition of income.
Sec. 37.13.150. Corporation budget.
Sec. 37.13.170. Reports and publications.
Sec. 37.13.180. Tax exemption.
Sec. 37.13.190. Political activities.