Section 10.06.323. Effect of filing statement.

Latest version.

When the commissioner has filed the statement under AS 10.06.320, the resolution fixing the rights, preferences, privileges, and restrictions of a wholly unissued class of shares or the resolution establishing and designating a series of shares and fixing and determining the relative rights and preferences of the series becomes effective and constitutes an amendment of the articles of incorporation.

Notes

History

(Sec. 1 ch 166 SLA 1988)

                    
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