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§ 10-06-320 — Alaska Law | CourtGPT
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  2. Laws/
  3. Alaska/
  4. Title 10 - Corporations and Associations/
  5. Chapter 06. Alaska Corporations Code/
  6. Article 4 - Corporate Finance.sec. 10.06.305. Issuance of and Requirements for Shares/
  7. § 10-06-320
Alaska Legal Code

§ 10-06-320

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(a) Before the issuance of shares of a class the rights, preferences, privileges, and restrictions of which have been fixed by resolution of the board, or before the issuance of shares of a series established by resolution of the board, the corporation shall file with the commissioner a statement, and an exact copy of the statement, signed by the president or vice-president and the secretary or assistant secretary, setting out (1) the name of the corporation; (2) a copy of the resolution determining the rights, preferences, privileges, and restrictions of the wholly unissued class, or of the resolution establishing and designating a series, and fixing and determining the relative rights and preferences of the series; (3) the date of the adoption of the resolution; (4) that the resolution was adopted by the board. (b) The commissioner shall process the statement in accordance with AS 10.06.910.