Alaska Statutes.
Title 10. Corporations and Associations
Chapter 45. Professional Corporation Act
Section 50. Issuance of Shares.
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AS 10.45.050. Issuance of Shares.

A professional corporation may issue shares of its capital stock to persons licensed by a regulatory board of the state to render the professional service specified in the articles of incorporation, or to a revocable or joint revocable trust if a settlor of the trust is a person licensed by a regulatory board of the state to render the professional service specified in the articles of incorporation. It may not issue shares to any other person or trust.

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