Alaska § 10.06.308 - Issuance of preferred or special classes of shares.
Full text of Alaska Alaska Statutes § 10.06.308 — Issuance of preferred or special classes of shares., with citation guidance and answers to common questions.
§ 10.06.308. Issuance of preferred or special classes of shares.
If authorized by the articles of incorporation, a corporation may issue preferred or special classes of shares (1) subject to redemption as provided under AS 10.06.325 ;
(2) entitling the holders to cumulative, noncumulative, or partially cumulative dividends;
(3) having preferences over another class or classes of shares for the payment of dividends;
(4) having preference in the assets of the corporation over another class of shares upon the voluntary or involuntary liquidation of the corporation;
(5) convertible into shares of another class or into shares of a series of the same or another class, except a class having prior or superior rights and preferences as to dividends or distribution of assets upon liquidation.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 10.06.308
What does Alaska Statutes § 10.06.308 cover?
Section 10.06.308 ("Issuance of preferred or special classes of shares.") 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 § 10.06.308?
A common citation format is "Alaska Statutes § 10.06.308" (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 § 10.06.308 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.