Sec. 10.06.320. Filing of statement before issuance of class or series.
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Sec. 10.06.320. Filing of statement before issuance of class or series.
(a)Before the issuance of shares of a class the rights, preferences, privileges, and restrictions of which have been fixed by resolution of the board, or before the issuance of shares of a series established by resolution of the board, the corporation shall file with the commissioner a statement, and an exact copy of the statement, signed by the president or vice-president and the secretary or assistant secretary, setting out
(1)the name of the corporation;
(2)a copy of the resolution determining the rights, preferences, privileges, and restrictions of the wholly unissued class, or of the resolution establishing and designating a series, and fixing and determining the relative rights and preferences of the series;
(3)the date of the adoption of the resolution;
(4)that the resolution was adopted by the board.
(b)The commissioner shall process the statement in accordance with AS 10.06.910 .