Alaska Stat. § 10.06.373
This is the official text of Alaska Stat. § 10.06.373, part of Alaska’s Stat — part of the compiled statutory law of Alaska, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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Share dividends: restrictions.
Official statutory text
A dividend payable in shares of a class may not be paid to the holders of shares of another class unless authorized by the articles of incorporation or unless payment is authorized by the affirmative vote or the written consent of the holders of at least a majority of the outstanding shares of the class in which the payment is to be made.
Status: in_force · Read it on the official government site
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