Advertising with us can place you in front of thousands of visitors a day. Learn more!
- Alaska Statutes.
- Title 10. Corporations and Associations
- Chapter 6. Alaska Corporations Code
- Section 305. Issuance of and Requirements For Shares.
previous: Section 233
. Location and Inspection of Bylaws.
next: Section 308
. Issuance of Preferred or Special Classes of Shares.
AS 10.06.305. Issuance of and Requirements For Shares.
- (a) Subject to the provisions of this chapter, a corporation may issue one or more classes or series of shares or both,
with full, limited, or no voting rights and with other rights, preferences, privileges, and restrictions as are stated
or authorized in its articles of incorporation. A denial or limitation of voting rights is not effective unless at the
time one or more classes or series of outstanding shares or debt securities, singly or in the aggregate, are entitled
to full voting rights. A denial or limitation of dividend or liquidation rights is not effective unless at the time one
or more classes or series of outstanding shares, singly or in the aggregate, are entitled to unlimited dividend or
- (b) All shares of a class shall have the same voting, conversion, and redemption rights and other rights, preferences,
privileges, and restrictions, unless the class is divided into series. If a class is divided into series, all the
shares of a series shall have the same voting, conversion, and redemption rights and other rights, preferences,
privileges, and restrictions.
All content © 2008 by Touch
N' Go/Bright Solutions, Inc.
Note to HTML Version:
This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature
If any errors are found, please e-mail Touch N' Go systems at E-mail. We
hope you find this information useful.