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2023 Alaska Statutes
Title 10. Corporations and Associations
Chapter 06. Alaska Corporations Code
Article 4. Corporate Finance.
Sec. 10.06.349. Shares without certificates.
Universal Citation:
AK Stat § 10.06.349 (2023)
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(a) Unless the articles or bylaws provide otherwise, the board of directors may authorize the issuance without certificates of some or all of the corporation's classes or series of shares. The authorization does not affect shares that are already represented by certificates until the certificates are surrendered to the corporation.
(b) Within a reasonable time after the issuance or transfer of shares without certificates, the corporation shall send the shareholder a written statement giving the information required by AS 10.06.350 to be on certificates, and, if applicable, the information required by AS 10.06.424(c) to be disclosed to the shareholder when there is no certificate.
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