Alaska Statutes.
Title 10. Corporations and Associations
Chapter 6. Alaska Corporations Code
Section 360. Prohibited Distribution; Inability to Meet Maturing Liabilities.
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AS 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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