Alaska Statutes 10.06.020 – Limitations on powers of shareholders, officers, and directors
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A limitation upon the powers of the shareholders, officers, or directors, or the manner or exercise of their powers, contained in or implied by the articles of incorporation, bylaws, or action of the board, or by Alaska Stat. § 10.06.605 – 10.06.678 or 10.06.705 – 10.06.788 or by a shareholders’ agreement may not be asserted as between the corporation or a shareholder and a third person, except in a proceeding
Terms Used In Alaska Statutes 10.06.020
- action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
- articles of incorporation: means the original or restated articles of incorporation and all amendments and includes articles of merger. See Alaska Statutes 10.06.990
- board: means the board of directors of a domestic or foreign corporation. See Alaska Statutes 10.06.990
- Continuance: Putting off of a hearing ot trial until a later time.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- person: means an individual, a corporation, a partnership, an association, a joint-stock company, an estate, a trust if the interests of the beneficiaries are evidenced by a security, an unincorporated association, a government, a political subdivision of a government, or a combination of these entities. See Alaska Statutes 10.06.990
- shareholder: means a holder of record of a share in a corporation. See Alaska Statutes 10.06.990
- state: means any of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Northern Mariana Islands, Guam, the Virgin Islands, American Samoa, the Trust Territory of the Pacific Islands, or any other territory or possession of the United States. See Alaska Statutes 10.06.990