Statutes, codes, and regulations
Alaska Statutes
Title 06 - BANKS AND FINANCIAL INSTITUTIONSChapter 06.05 - ALASKA BANKING CODE
Article 05 - CONDUCT OF CORPORATE AFFAIRS
Section 06.05.440 - Authority to declare dividends

Alaska Stat. § 06.05.440

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Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 06.05.440 - Authority to declare dividends

The directors of a bank transacting business in the state may declare a dividend out of the net profits, subject to any restrictions under AS 06.05.307(c) and after complying with AS 06.05.441 - 06.05.445.

AS 06.05.440