Alaska Stat. § 10.15.105
Current through Chapter 26 of the Legislative Session (excluding Chapter 21)
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.
AS 10.15.105