A cooperative may amend its articles from time to time as may be desired, so long as its articles as amended contain only those provisions which might be lawfully contained in the original articles at the time of making the amendment, and, if a change in shares or the rights of shareholders or members, or an exchange, reclassification, or cancellation of shares or the rights of shareholders or members is to be made, those provisions necessary to effect the change, exchange, reclassification, or cancellation.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 15. Alaska Cooperative Corporation Act
Article 3. Amendment and Restatement of Articles.
Sec. 10.15.365. Amendment of articles.
Sec. 10.15.370. Procedure for adopting amendments.
Sec. 10.15.375. Shareholder and member voting on amendments to articles.
Sec. 10.15.380. Execution and content of articles of amendment.
Sec. 10.15.385. Filing of articles of amendment.