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.
Section: Previous 10.06.348 10.06.349 10.06.350 10.06.353 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 NextLast modified: November 15, 2016