Alaska Statutes Title 10, Chapter 10.06, Article 06 - Directors, Officers, Employees, and Agents

• Sec. 10.06.450 Board of Directors; Duty of Care; Right of Inspection; Dissent.
  (a) All corporate powers shall be exercised by or under the authority of, and the business and affairs of a corporation shall be managed...
• Sec. 10.06.453 Number, Election, and Tenure of Directors; Initial Directors.
  (a) The board of directors shall consist of one or more members. The number of directors shall be fixed by, or in the manner...
• Sec. 10.06.455 Classification of Directors.
  (a) If the board consists of three or more members, the articles of incorporation may provide that instead of electing all the directors annually...
• Sec. 10.06.458 Declaration of Board Vacancy Where Director of Unsound Mind.
  The board may declare vacant the office of a director who has been declared of unsound mind by a court order.
• Sec. 10.06.460 Removal of Director Without Cause.
  (a) At a regular or special meeting for which notice is given under AS 10.06.410 and this section, any or all of the directors...
• Sec. 10.06.463 Removal of Director by Superior Court.
  The superior court may, at the suit of the board or the shareholders holding at least 10 percent of the number of outstanding shares...
• Sec. 10.06.465 Vacancies and Resignation; Special Meeting of Shareholders.
  (a) Unless otherwise provided in the articles or bylaws of the corporation and except for a vacancy created by the removal of a director,...
• Sec. 10.06.468 Executive and Other Board Committees.
  (a) If authorized by the articles or the bylaws of the corporation, the board, by resolution adopted by a majority of the entire board,...
• Sec. 10.06.470 Meetings: Call, Place, Notice, and Waiver.
  (a) A regular or special meeting of the board or a committee of the board may be called by the chairman of the board,...
• Sec. 10.06.473 Quorum of Directors.
  (a) A majority of the number of directors fixed by the articles or bylaws of a corporation constitutes a quorum for the transaction of...
• Sec. 10.06.475 Alternative Meeting Arrangements; Informal Action by Directors.
  (a) Unless prohibited by the articles or bylaws of the corporation, the board of a corporation or a committee designated by the board can...
• Sec. 10.06.478 Director Conflicts of Interest.
  (a) A contract or other transaction between a corporation and one or more of the directors of the corporation, or between a corporation and...
• Sec. 10.06.480 Liability of Directors and Contributions From Shareholders and Other Directors.
  (a) In addition to other liabilities, a director is liable in the following circumstances unless the director complies with the standard provided in AS...
• Sec. 10.06.483 Officers; Tenure, Resignation, Authority, and Duties.
  (a) A corporation shall have a president, a secretary, a treasurer, and other officers with titles and duties as stated in the bylaws of...
• Sec. 10.06.485 Loans to Directors, Officers, and Employees.
  (a) A loan may not be extended to an officer or employee without authorization by the board. A loan may not be extended to...
• Sec. 10.06.490 Indemnification of Officers, Directors, Employees, and Agents; Insurance.
  (a) A corporation may indemnify a person who was, is, or is threatened to be made a party to a completed, pending, or threatened...

Last modified: November 15, 2016