Alaska Statutes 10.06.345 – Expenses of organization, reorganization, and financing
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Terms Used In Alaska Statutes 10.06.345
- 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
The reasonable charges and expenses of organization or reorganization of a corporation, and the reasonable expenses of and compensation for the sale or underwriting of its shares, may be paid or allowed by the corporation out of the consideration received by the corporation in payment for its shares without rendering the shares not fully paid or assessable.