(a) Unless the articles or bylaws provide otherwise, the board of directors may authorize the issuance without certificates of some or all of the corporation's classes or series of shares. The authorization does not affect shares that are already represented by certificates until the certificates are surrendered to the corporation.
(b) Within a reasonable time after the issuance or transfer of shares without certificates, the corporation shall send the shareholder a written statement giving the information required by AS 10.06.350 to be on certificates, and, if applicable, the information required by AS 10.06.424(c) to be disclosed to the shareholder when there is no certificate.
Section: Previous 10.06.333 10.06.335 10.06.338 10.06.340 10.06.343 10.06.345 10.06.348 10.06.349 10.06.350 10.06.353 10.06.355 10.06.356 10.06.358 10.06.360 10.06.363 NextLast modified: November 15, 2016