Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 5. Alaska Banking Code
Section 440. Authority to Declare Dividends.
previous: Section 438. Directors, Meetings, and Duties.
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AS 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.

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