There is a newer version of the Alaska Statutes
2011 Alaska Statutes
Title 10. CORPORATIONS AND ASSOCIATIONS
Chapter 10.15. ALASKA COOPERATIVE CORPORATION ACT
Sec. 10.15.105. Limitations on acquisition, recall, or redemption.
AK Stat § 10.15.105 (through 27th Leg Sess 2012) What's This?
No acquisition, recall, or redemption of stock or other evidence of equity may be made if the result would be to bring the value of the remaining assets of the cooperative below the aggregate of its indebtedness. The articles may provide limitations on the right of a cooperative to acquire, recall, exchange, or redeem its shares or other evidences of equity.
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