GroundRules
AS 10.06.360: Prohibited distribution; inability to meet maturing liabilities.
Where this section sits in the code
- Title 10. Corporations and Associations.
- Chapter 06. Alaska Corporations Code.
- Article 4. Corporate Finance.
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.
Collected 2026-09-02T06:16:39Z. Source file · JSON