Alaska Statutes Sec. 10.15.105 - Limitations on Acquisition, Recall, Exchange, or Redemption

No acquisition, recall, or redemption of stock or other evidence of equity may be made if the result would be to bring the value of the remaining assets of the cooperative below the aggregate of its indebtedness. The articles may provide limitations on the right of a cooperative to acquire, recall, exchange, or redeem its shares or other evidences of equity.

Section: Previous  10.15.070  10.15.075  10.15.080  10.15.085  10.15.090  10.15.095  10.15.100  10.15.105  10.15.110  10.15.115  10.15.120  10.15.125  10.15.130  10.15.135  10.15.140  Next

Last modified: November 15, 2016