Section 06.05.440. Authority to declare dividends.

Latest version.

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.

Notes

History

(Sec. 3.224 ch 129 SLA 1951; am Sec. 17 ch 230 SLA 1968; am Sec. 73 ch 26 SLA 1993)

                    
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