There is a newer version of the Alaska Statutes
2011 Alaska Statutes
Title 10. CORPORATIONS AND ASSOCIATIONS
Chapter 10.06. ALASKA CORPORATIONS CODE
Sec. 10.06.340. Judgment of board or shareholders as to value of consideration conclusive.
AK Stat § 10.06.340 (through 27th Leg Sess 2012) What's This?
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.
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