Alaska § 06.05.441 - Conditions precedent to dividend declaration and payment.
Full text of Alaska Alaska Statutes § 06.05.441 — Conditions precedent to dividend declaration and payment., with citation guidance and answers to common questions.
§ 06.05.441. Conditions precedent to dividend declaration and payment.
(a) Before a bank dividend is declared or the net profits for the period covered by the dividend disposed of, and after the restoration of any undivided profits or surplus under AS 06.05.442 , not less than one-fifth of these net profits shall be carried to the bank surplus account until the surplus account equals 100 percent of the paid-in capital of the bank.
(b) The department may require a bank to suspend the payment of any dividends until all orders or requirements of this section and AS 06.05.442 have been complied with.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 06.05.441
What does Alaska Statutes § 06.05.441 cover?
Section 06.05.441 ("Conditions precedent to dividend declaration and payment.") 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 § 06.05.441?
A common citation format is "Alaska Statutes § 06.05.441" (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 § 06.05.441 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.