{"data":{"id":"us-ak/as-10.06.308","jurisdiction":"us-ak","citation":"AS 10.06.308","heading":"Issuance of preferred or special classes of shares.","body":"If authorized by the articles of incorporation, a corporation may issue preferred or special classes of shares\n(1) subject to redemption as provided under AS 10.06.325;\n(2) entitling the holders to cumulative, noncumulative, or partially cumulative dividends;\n(3) having preferences over another class or classes of shares for the payment of dividends;\n(4) having preference in the assets of the corporation over another class of shares upon the voluntary or involuntary liquidation of the corporation;\n(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.","path":["Title 10. Corporations and Associations.","Chapter 06. Alaska Corporations Code.","Article 4. Corporate Finance."],"source_url":"https://www.akleg.gov/basis/statutes.asp#10.06.308","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:39Z","sha256":"e0828e78e93af7042441f466a056b94c3722c60f5da982984bfd9dacd6ed96db","source_id":"us-ak","stale":false,"prev":"us-ak/as-10.06.305","next":"us-ak/as-10.06.310"},"notice":"GroundRules: Original legal text. Not legal advice."}