Alaska § 10.06.020 - Limitations on powers of shareholders, officers, and directors.
Full text of Alaska Alaska Statutes § 10.06.020 — Limitations on powers of shareholders, officers, and directors., with citation guidance and answers to common questions.
§ 10.06.020. Limitations on powers of shareholders, officers, and directors.
A limitation upon the powers of the shareholders, officers, or directors, or the manner or exercise of their powers, contained in or implied by the articles of incorporation, bylaws, or action of the board, or by AS 10.06.605 — 10.06.678 or 10.06.705 — 10.06.788 or by a shareholders' agreement may not be asserted as between the corporation or a shareholder and a third person, except in a proceeding (1) by a shareholder or the state to enjoin the doing or continuance of unauthorized business by the corporation or its officers, or both, in a case where a third party has not acquired rights under AS 10.06.025 (a);
(2) to dissolve the corporation; or
(3) by the corporation or by a shareholder suing in a representative suit against the officers or directors of the corporation for violation of their duty.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 10.06.020
What does Alaska Statutes § 10.06.020 cover?
Section 10.06.020 ("Limitations on powers of shareholders, officers, and directors.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 10.06.020?
A common citation format is "Alaska Statutes § 10.06.020" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 10.06.020 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.