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Alaska Statutes.
Title 10. Corporations and Associations
Chapter 15. Alaska Cooperative Corporation Act
Section 105. Limitations On Acquisition, Recall, or Redemption.
previous: Section 100. Recall, Acquisition, Exchange, Redemption, and Reissuance of Stock or Other Evidence of Equity.
next: Section 110. Status of Reacquired Shares.

AS 10.15.105. Limitations On Acquisition, Recall, or Redemption.

No acquisition, recall, or redemption of stock or other evidence of equity may be made if the result would be to bring the value of the remaining assets of the cooperative below the aggregate of its indebtedness. The articles may provide limitations on the right of a cooperative to acquire, recall, exchange, or redeem its shares or other evidences of equity.

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Last modified 9/3/2005