Current as of April 21, 2021 | Updated by FindLaw Staff
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A professional corporation may issue shares of its capital stock to persons licensed by a regulatory board of the state to render the professional service specified in the articles of incorporation, or to a revocable or joint revocable trust if a settlor of the trust is a person licensed by a regulatory board of the state to render the professional service specified in the articles of incorporation. It may not issue shares to any other person or trust.
Cite this article: FindLaw.com - Alaska Statutes Title 10. Corporations and Associations § 10.45.050. Issuance of shares - last updated April 21, 2021 | https://codes.findlaw.com/ak/title-10-corporations-and-associations/ak-st-sect-10-45-050/
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