The articles may require that members own one or more shares of membership stock, and may provide limitations on the issuance and transferability of the stock.
AS 10.15.050
Membership stock
Known as the Alaska Cooperative Corporation Act
The act spans §§ 10–10 (121 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.