Alaska Statutes (Last Updated: January 11, 2017) |
Title 10. CORPORATIONS AND ASSOCIATIONS. |
Chapter 10.06. ALASKA CORPORATIONS CODE. |
Article 10.06.04. CORPORATE FINANCE. |
Section 10.06.380. Identification of distribution in notice to shareholders.
Latest version.
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A distribution other than one chargeable to retained earnings shall be identified in a notice to shareholders as being made from a source other than retained earnings, and shall include a statement of the accounting treatment of the distribution. The notice shall accompany the distribution or shall be given within three months after the end of the fiscal year in which the distribution is paid.
Notes
History
(Sec. 1 ch 166 SLA 1988)