If authorized by the articles of incorporation, a corporation may issue preferred or special classes of shares
(1) subject to redemption as provided under AS 10.06.325 ;
(2) entitling the holders to cumulative, noncumulative, or partially cumulative dividends;
(3) having preferences over another class or classes of shares for the payment of dividends;
(4) having preference in the assets of the corporation over another class of shares upon the voluntary or involuntary liquidation of the corporation;
(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.
Section: Previous 10.06.305 10.06.308 10.06.310 10.06.313 10.06.315 10.06.318 10.06.320 10.06.323 10.06.325 10.06.328 10.06.330 10.06.333 10.06.335 10.06.338 10.06.340 NextLast modified: November 15, 2016