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Code · Alaska · Title 10 · Chapter 6

Sec. 10.06.360. Prohibited distribution; inability to meet maturing liabilities.

55 words·~1 min read·/ak/title-10/chapter-6/10-06-360

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Sec. 10.06.360. Prohibited distribution; inability to meet maturing liabilities.
A corporation or subsidiary of a corporation may not make a distribution to the corporation's shareholders if the corporation or the subsidiary making the distribution is, or as a result of the distribution would be, likely to be unable to meet its liabilities as they mature.
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