The provisions of AS 10.06.358 do not apply to a dividend declared by a regulated investment company, as defined in the United States Internal Revenue Code, to the extent that the dividend is necessary to maintain the status of the corporation as a regulated investment company under the provisions of that code. The provisions of this chapter do not apply to a purchase or redemption of shares redeemable at the option of the holder by a registered open-end investment company under the United States Investment Company Act of 1940, so long as the right of redemption remains unsuspended under the provisions of that statute and the articles and bylaws of the corporation.
Section: Previous 10.06.355 10.06.356 10.06.358 10.06.360 10.06.363 10.06.365 10.06.368 10.06.370 10.06.373 10.06.375 10.06.378 10.06.380 10.06.383 10.06.385 10.06.388 NextLast modified: November 15, 2016