Alaska Statutes 10.06.905 – Voting of shares; quorum; status of disqualified shares

(a) If the articles of incorporation provide for more or less than one vote for a share on a matter, a reference in this chapter to a majority or other proportion of shares means a majority or other proportion of the votes entitled to be cast on that matter. If shares are disqualified from voting on a matter, they may not be considered outstanding for the determination of a quorum at a meeting to act upon or for the required vote to approve action upon that matter.

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Terms Used In Alaska Statutes 10.06.905

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
Quorum: The number of legislators that must be present to do business.
shares: means the units into which the proprietary interests in a corporation are divided. See Alaska Statutes 10.06.990
vote: includes authorization by written consent subject to the provisions of Alaska Stat. See Alaska Statutes 10.06.990

(b) A requirement in this chapter for a vote of each class of outstanding shares means a vote regardless of limitations or restrictions upon the voting rights of that class, unless expressly limited to voting shares.

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