Alaska Statutes 10.06.340 – Judgment of board or shareholders as to value of consideration conclusive
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Terms Used In Alaska Statutes 10.06.340
- board: means the board of directors of a domestic or foreign corporation. See Alaska Statutes 10.06.990
- Fraud: Intentional deception resulting in injury to another.
- shares: means the units into which the proprietary interests in a corporation are divided. See Alaska Statutes 10.06.990
In the absence of fraud in the transaction, the judgment of the board or the shareholders as to the value of the consideration received for shares is conclusive.