Alaska Statutes 10.06.670 – Distribution in money, property, or securities; installments
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Terms Used In Alaska Statutes 10.06.670
- articles of incorporation: means the original or restated articles of incorporation and all amendments and includes articles of merger. See Alaska Statutes 10.06.990
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- property: includes real and personal property. See Alaska Statutes 01.10.060
Distribution of assets may be made in money, in property, or in securities and either in installments or as a whole, if the distribution is done fairly and ratably and in conformity with the articles of incorporation and the rights of the shareholders, and shall be made as soon as reasonably consistent with the beneficial liquidation of the corporate assets.