Alaska § 10.06.373 - Share dividends: restrictions.
Full text of Alaska Alaska Statutes § 10.06.373 — Share dividends: restrictions., with citation guidance and answers to common questions.
§ 10.06.373. Share dividends: restrictions.
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.
Frequently Asked Questions About Alaska § 10.06.373
What does Alaska Statutes § 10.06.373 cover?
Section 10.06.373 ("Share dividends: restrictions.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 10.06.373?
A common citation format is "Alaska Statutes § 10.06.373" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 10.06.373 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.