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2022 Alaska Statutes
Title 10. Corporations and Associations
Chapter 06. Alaska Corporations Code
Article 4. Corporate Finance.
Sec. 10.06.360. Prohibited distribution; inability to meet maturing liabilities.
Universal Citation: AK Stat § 10.06.360 (2022)
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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