GroundRules
AS 10.45.050: Issuance of shares.
Where this section sits in the code
- Title 10. Corporations and Associations.
- Chapter 45. Professional Corporation Act.
A professional corporation may issue shares of its capital stock to persons licensed by a regulatory board of the state to render the professional service specified in the articles of incorporation, or to a revocable or joint revocable trust if a settlor of the trust is a person licensed by a regulatory board of the state to render the professional service specified in the articles of incorporation. It may not issue shares to any other person or trust.
Collected 2026-09-02T06:16:39Z. Source file · JSON