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Session: State Capitol, Room 406 Juneau, AK 99801-1182 Phone: (907) 465-3783 Fax: (907) 465-2293 Send E-Mail |
Bill Permits Preferred Stock Redemption at Owner's Option
For Immediate Release: March 20, 2000
Contact: Representative Lisa Murkowski's office at (907) 465-3783.
Juneau -- The Alaska House of Representatives Monday passed House Bill 357, permitting corporations to issue preferred stock which can be redeemed at the shareholder's option.
"By providing this option, Alaskan investors are given an expanded investment opportunity and Alaska corporations are given an alternative to raise funds," said Representative Lisa Murkowski, sponsor of HB 357. "The changes proposed in this bill will bring our laws into line with other states and promote commerce in Alaska."
HB 357 passed the House unanimously and now moves to the Senate for consideration.
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