Sec. 10.06.350. Information required to be stated on certificate.

181 words·~1 min read·/ak/title-10/chapter-6/10-06-350

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Each certificate representing shares issued by a corporation authorized to issue shares of more than one class shall set out on the face or back of the certificate, or state that the corporation will furnish to a shareholder upon request and without charge, a full or summary statement of the designations, preferences, limitations, and relative rights of the shares of each class authorized to be issued and, if the corporation is authorized to issue preferred or special class in series, the variations in the relative rights and preferences between the shares of each series so far as they have been fixed and determined and the authority of the board to fix and determine the relative rights and preferences of subsequent series.

(b)Each certificate representing shares shall state upon its face

(1)that the corporation is organized under the laws of the state;

(2)the name of the person to whom issued;

(3)the number and class of shares, and the designation of the series, if any, that the certificate represents.