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.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 45. Professional Corporation Act
Sec. 10.45.010. Incorporation.
Sec. 10.45.020. Rendering professional service and charging fees.
Sec. 10.45.030. Who may render professional service.
Sec. 10.45.040. Prohibition against engaging in business; property and investments.
Sec. 10.45.050. Issuance of shares.
Sec. 10.45.060. Qualifications of director, officer, or shareholder.
Sec. 10.45.070. Management by directors; authority of officers and shareholders.
Sec. 10.45.080. Transfer of shares.
Sec. 10.45.090. Voting by proxy.
Sec. 10.45.100. Voting trust prohibited.
Sec. 10.45.110. Holding stock, merging or consolidating with another professional corporation.
Sec. 10.45.120. Corporate name.
Sec. 10.45.130. Change or alteration of corporate name.
Sec. 10.45.133. Continuity of life.
Sec. 10.45.136. No shareholder power to dissolve.
Sec. 10.45.140. Professional relationship and liabilities.
Sec. 10.45.180. Authority and duty of regulatory boards not limited.
Sec. 10.45.190. Professional acts limited.
Sec. 10.45.200. Legal disqualification of corporate personnel.
Sec. 10.45.210. Disposal of shares of legally disqualified shareholder.
Sec. 10.45.220. Shares of deceased shareholder.
Sec. 10.45.230. Determination of value of shares.
Sec. 10.45.240. Applicability of Alaska Corporations Code and Alaska Entity Transactions Act.