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§ 06-05-440 — Alaska Law | CourtGPT
  1. Home/
  2. Laws/
  3. Alaska/
  4. Title 6 - Banks and Financial Institutions/
  5. Chapter 05 - Alaska Banking Code/
  6. Article 5 - Conduct of Corporate Affairs.sec. 06.05.435. Directors/
  7. § 06-05-440
Alaska Legal Code

§ 06-05-440

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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.