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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 3. Commerce, Community, and Economic Development. |
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Part 3.1. Banking, Securities, Small Loans and Corporations. |
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Chapter 3.04. Trust Companies. |
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Article 3.04.2. Name, Powers, Organization, and Capitalization. |
Section 3.04.140. Payment of dividends and use of earnings and net profits.
Latest version.
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(a) The directors of a trust company transacting business in this state may declare a dividend out of the trust company's net profits, subject to restrictions under AS 06.26.120, 06.26.130, and this chapter. (b) The department may require a trust company to suspend the payment of any dividends until the trust company has complied with all orders or requirements of AS 06.26.120, AS 06.26.130, and this chapter.
Authorities
06.26.120;06.26.130;06.26.900;06.26.960
Notes
Authority
AS 06.26.120 AS 06.26.130 AS 06.26.900 AS 06.26.960History
Eff. 3/29/2008, Register 185