Alaska Statutes 10.06.375 – Additional restrictions in articles, bylaws, indentures, or agreements
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Alaska Statutes 10.06.375
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- shares: means the units into which the proprietary interests in a corporation are divided. See Alaska Statutes 10.06.990
Nothing in this chapter prohibits additional restrictions upon the declaration of dividends or the purchase or redemption of a corporation‘s own shares by provision in the articles or bylaws of the corporation or in any indenture or other agreement entered into by the corporation.