Alaska Statutes (Last Updated: January 11, 2017) |
Title 10. CORPORATIONS AND ASSOCIATIONS. |
Chapter 10.06. ALASKA CORPORATIONS CODE. |
Article 10.06.08. ORGANIC CHANGE. |
Section 10.06.572. Abandonment of transaction by board.
Latest version.
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The board in its discretion may abandon a sale, lease, exchange, or other disposition of assets after approval by the shares without further action or approval by the shares, subject to the rights of third parties under contracts relating to the sale, lease, exchange, or other disposition.
Notes
History
(Sec. 1 ch 166 SLA 1988)