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- Alaska Statutes.
- Title 10. Corporations and Associations
- Chapter 6. Alaska Corporations Code
- Section 408. Closing of Transfer Books and Fixing Record Date.
previous: Section 405
. Meetings of Shareholders.
next: Section 410
. Notice of Shareholders' Meetings.
AS 10.06.408. Closing of Transfer Books and Fixing Record Date.
- (a) To determine the shareholders entitled to notice of or to vote at a meeting of shareholders or an adjournment of a
meeting, or to determine the shareholders entitled to receive payment of a dividend, or to determine the shareholders
for any other proper purpose, the board of a corporation may provide that the stock transfer books shall be closed for
a stated period not exceeding 70 days. If the stock transfer books are closed to determine shareholders entitled to
notice of or to vote at a meeting of shareholders, they shall be closed for at least 20 days immediately preceding the
- (b) Instead of closing the stock transfer books, the bylaws or, in the absence of an applicable bylaw, the board may fix a
date as the record date for the determination of shareholders. This record date may not be more than 60 days and, in
case of a meeting of shareholders, not less than 20 days before the date on which the particular action requiring the
determination of shareholders is to be taken. If the stock transfer books are not closed and a record date is not fixed
for the determination of shareholders entitled to notice of or to vote at a meeting of shareholders or for the
determination of shareholders entitled to receive payment of a dividend, the date on which notice of the meeting is
mailed or the date on which the resolution of the board declaring the dividend is adopted, is the record date for the
determination of shareholders. When a determination of shareholders entitled to vote at a meeting of shareholders has
been made as provided in this section, the determination applies to an adjournment of the meeting of shareholders.
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