Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 04 - Trust Companies
Article 2 - Name, Powers, Organization, and Capitalization
3 AAC 04.140 - Payment of dividends and use of earnings and net profits
Universal Citation: 3 AK Admin Code 04.140
Current through February 24, 2025
(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.
Authority:AS 06.26.120
AS 06.26.130
AS 06.26.900
AS 06.26.960
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