Alaska Airlines, Inc. v. People of Territory of Alaska Ex Rel. Bowman

Appellant is a corporation with its office and principal place of business in Anchorage, Alaska. Its 1952 annual meeting of stockholders was called for August 5, 1952, and notice duly given each stockholder. The by-laws of the corporation provide that stockholders of record ten days prior to the annual meeting may vote at the meeting, and no transfers of stock on the books of the corporation are permitted during the ten days. In addition to the notice of the meeting a second notice was given to all stockholders shown on the records of the transfer agent at the close of business July 25, 1952. At the annual meeting of the corporation held August 5, 1952, officers were elected and other business transacted.

Appellee Harry A. Bowman, a stockholder in appellant corporation, in an action brought in the District Court for the Territory of Alaska, Third Division, challenged the validity of said stockholders’ meeting and alleged that the attempted election of officers was a void act. The gist of the charge made by Bowman is that in calling the stockholders’ meeting appellant failed to comply with the requirements of Section 36-1-102, A.C.L.A.1949. The relevant part of the statute reads:…