Alaska Stat. § 10.15.060
Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
A stock certificate may not be issued except upon payment of the par value of the shares it represents if the shares have par value, or if the shares are without par value, upon payment of the consideration for the shares expressed in dollars as fixed for the shares by the board. Payment for shares may be in cash or other tangible or intangible property. If payment is made in property other than cash, the value of the property shall be determined by the board. The determination, if made in good faith, is conclusive.
AS 10.15.060