Alaska Statutes (Last Updated: January 11, 2017) |
Title 10. CORPORATIONS AND ASSOCIATIONS. |
Chapter 10.06. ALASKA CORPORATIONS CODE. |
Article 10.06.04. CORPORATE FINANCE. |
Section 10.06.340. Judgment of board or shareholders as to value of consideration conclusive.
Latest version.
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In the absence of fraud in the transaction, the judgment of the board or the shareholders as to the value of the consideration received for shares is conclusive.
Notes
History
(Sec. 1 ch 166 SLA 1988)