Alaska Statutes 10.06.315 – Series rights and preferences established by board
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Terms Used In Alaska Statutes 10.06.315
- articles of incorporation: means the original or restated articles of incorporation and all amendments and includes articles of merger. See Alaska Statutes 10.06.990
- board: means the board of directors of a domestic or foreign corporation. See Alaska Statutes 10.06.990
- shares: means the units into which the proprietary interests in a corporation are divided. See Alaska Statutes 10.06.990
If the articles of incorporation expressly vest authority in the board, then, to the extent that the articles have not established series and fixed and determined the variations in the relative rights and preferences between series, the board may divide a class into series and, within the limitations set out in Alaska Stat. § 10.06.305 – 10.06.323 and in the articles, fix and determine the relative rights and preferences of the shares of a series.