Section 10.06.320. Filing of statement before issuance of class or series.

   (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.

Authorities

10.06.323

Notes

References

AS 10.06.323 Effect of filing statement.

History

(Sec. 1 ch 166 SLA 1988; am Sec. 7 ch 65 SLA 1998)