The paid-in capital of a corporation may be increased by resolution of the board directing that all or a part of the retained earnings of the corporation be transferred to the paid-in capital account.
Article 5. Shareholders and Records.
AS 10.06.390
Capitalization of retained earnings
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.