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AS 10.06.328

Irrevocability of subscriptions for shares

Known as the Alaska Corporations Code

The act spans §§ 10–10 (251 sections).

A subscription for shares of a corporation to be organized is irrevocable for a period of six months, unless the subscription agreement provides otherwise or unless all of the subscribers consent to the revocation of the subscription.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.