Alaska Const. art. 12, § 8

Alaska Constitution

Article 12, § 8 — Private corporations — Issuance of stocks or bonds — Conditions and restrictions

Alaska Const. art. 12, § 8 (Private corporations — Issuance of stocks or bonds — Conditions and restrictions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionAlaska DocumentConstitution

Article12

Section§ 8

CitationAlaska Const. art. 12, § 8

Bluebook

Alaska Const. art. 12, § 8.

Full Text

No private corporation shall issue stocks or bonds, except for money or property actually received, or labor done; and all fictitious increase of stock or indebtedness shall be void; nor shall the stock or bonded indebtedness of any private corporation be increased, except in pursuance of general laws; nor until the consent of the persons holding the larger amount, in value, of stock, shall be obtained at a meeting held after notice given, for a period not less than sixty days, in pursuance of law.

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No private corporation shall issue stocks or bonds, except for money or property actually received, or labor done; and all fictitious increase of stock or indebtedness shall be void; nor shall the stock or bonded indebtedness of any private corporation be increased, except in pursuance of general laws; nor until the consent of the persons holding the larger amount, in value, of stock, shall be obtained at a meeting held after notice given, for a period not less than sixty days, in pursuance of law.

History

Effective: 1874-10-13