A corporation or subsidiary of a corporation may not make a distribution to the corporation's shareholders if the corporation or the subsidiary making the distribution is, or as a result of the distribution would be, likely to be unable to meet its liabilities as they mature.
AS 10.06.360
Prohibited distribution; inability to meet maturing liabilities
Known as the Alaska Corporations Code
The act spans §§ 10–10 (251 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.