Alaska Stat. § 10.06.308
This is the official text of Alaska Stat. § 10.06.308, part of Alaska’s Stat — part of the compiled statutory law of Alaska, published by the state as "Stat." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Issuance of preferred or special classes of shares.
Official statutory text
If authorized by the articles of incorporation, a corporation may issue preferred or special classes of shares (1) subject to redemption as provided under AS 10.06.325 ;
(2) entitling the holders to cumulative, noncumulative, or partially cumulative dividends;
(3) having preferences over another class or classes of shares for the payment of dividends;
(4) having preference in the assets of the corporation over another class of shares upon the voluntary or involuntary liquidation of the corporation;
(5) convertible into shares of another class or into shares of a series of the same or another class, except a class having prior or superior rights and preferences as to dividends or distribution of assets upon liquidation.
(2) entitling the holders to cumulative, noncumulative, or partially cumulative dividends;
(3) having preferences over another class or classes of shares for the payment of dividends;
(4) having preference in the assets of the corporation over another class of shares upon the voluntary or involuntary liquidation of the corporation;
(5) convertible into shares of another class or into shares of a series of the same or another class, except a class having prior or superior rights and preferences as to dividends or distribution of assets upon liquidation.
Status: in_force · Read it on the official government site
Need a lawyer in Alaska?
Find a Alaska lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.