Alaska Statutes
Article 4. Corporate Finance.
Sec. 10.06.333. Remedies for default in payment.

In case of default in the payment of an installment or call when payment is due, the corporation may proceed to collect the amount due as any debt due the corporation. The bylaws may prescribe other remedies for failure to pay installments or calls that become due. No remedy working a forfeiture of a subscription, or of the amounts paid on a subscription, may be declared against a subscriber unless the amount due remains unpaid for a period of 20 days after written demand has been made. If mailed, written demand is considered to be made when it is deposited in the United States mail in a sealed envelope addressed to the subscriber at the last post office address known to the corporation, with postage prepaid. On a sale of shares by reason of forfeiture, the excess of proceeds realized over the amount due and unpaid on the shares shall be paid to the delinquent subscriber or to the legal representative of the subscriber.

Structure Alaska Statutes

Alaska Statutes

Title 10. Corporations and Associations

Chapter 06. Alaska Corporations Code

Article 4. Corporate Finance.

Sec. 10.06.305. Issuance of and requirements for shares.

Sec. 10.06.308. Issuance of preferred or special classes of shares.

Sec. 10.06.310. Issuance of shares in series.

Sec. 10.06.313. Variation in rights and preferences of shares.

Sec. 10.06.315. Series rights and preferences established by board.

Sec. 10.06.318. Manner of establishing series.

Sec. 10.06.320. Filing of statement before issuance of class or series.

Sec. 10.06.323. Effect of filing statement.

Sec. 10.06.325. Redemption of shares; creation of sinking fund; repurchase agreements.

Sec. 10.06.328. Irrevocability of subscriptions for shares.

Sec. 10.06.330. Payment of subscription for shares.

Sec. 10.06.333. Remedies for default in payment.

Sec. 10.06.335. Consideration for shares.

Sec. 10.06.338. Payment for shares.

Sec. 10.06.340. Judgment of board or shareholders as to value of consideration.

Sec. 10.06.343. Share rights and options.

Sec. 10.06.345. Expenses of organization, reorganization, and financing.

Sec. 10.06.348. Certificates representing shares.

Sec. 10.06.349. Shares without certificates.

Sec. 10.06.350. Information required to be stated on certificate.

Sec. 10.06.353. Full payment required for share.

Sec. 10.06.355. Issuance of fractional shares or scrip.

Sec. 10.06.356. Shares held by nominees.

Sec. 10.06.358. Distributions; conditions; financial statements and determinations.

Sec. 10.06.360. Prohibited distribution; inability to meet maturing liabilities.

Sec. 10.06.363. Prohibited distribution on junior shares; liquidation preference.

Sec. 10.06.365. Prohibited distribution on junior shares; relationship to retained earnings.

Sec. 10.06.368. Exception for purchase or redemption of shares of deceased shareholder.

Sec. 10.06.370. Inapplicability to regulated investment company.

Sec. 10.06.373. Share dividends: restrictions.

Sec. 10.06.375. Additional restrictions in articles, bylaws, indentures, or agreements.

Sec. 10.06.378. Liability of shareholders receiving prohibited distributions; suit against shareholders.

Sec. 10.06.380. Identification of distribution in notice to shareholders.

Sec. 10.06.383. Inapplicability to winding up and involuntary or voluntary dissolution.

Sec. 10.06.385. Redemption of shares at the option of corporation; manner.

Sec. 10.06.388. Acquisition of corporation's own shares; reissuance or retirement.

Sec. 10.06.390. Capitalization of retained earnings.