Alaska Statutes 10.06.330 – Payment of subscription for shares
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Terms Used In Alaska Statutes 10.06.330
- board: means the board of directors of a domestic or foreign corporation. See Alaska Statutes 10.06.990
- 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
- subscription: includes the mark of a person who cannot write, with the name of that person written near the mark by a witness who writes the witness's own name near the name of the person who cannot write. See Alaska Statutes 01.10.060
Unless otherwise provided in the subscription agreement, subscriptions for shares, whether made before or after the organization of a corporation, shall be paid in full at the time or in installments as determined by the board. A call made by the board for payment on subscriptions shall be uniform for shares of the same class or shares of the same series.