Alaska § 10.20.136 - Shares of stock and dividends prohibited; compensation, benefits, and distributions.
Full text of Alaska Alaska Statutes § 10.20.136 — Shares of stock and dividends prohibited; compensation, benefits, and distributions., with citation guidance and answers to common questions.
§ 10.20.136. Shares of stock and dividends prohibited; compensation, benefits, and distributions.
A corporation may not have or issue shares of stock. No dividend may be paid and no part of the income or profit of a corporation may be distributed to its members, directors, or officers. A corporation may pay compensation in a reasonable amount to its members, directors, or officers for services rendered, may confer benefits upon its members in conformity with its purposes, and upon dissolution or final liquidation may make distribution to its members as permitted by this chapter, and a payment, benefit, or distribution under this section may not be considered to be a dividend or a distribution of income or profit.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 10.20.136
What does Alaska Statutes § 10.20.136 cover?
Section 10.20.136 ("Shares of stock and dividends prohibited; compensation, benefits, and distributions.") 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 § 10.20.136?
A common citation format is "Alaska Statutes § 10.20.136" (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 § 10.20.136 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.