Alaska Statutes 42.05.521 – Impaired capital
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Alaska Statutes 42.05.521
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
When the commission finds that the capital of a public utility corporation is impaired, or might become impaired, it may, after investigation and hearing, issue an order directing the public utility to cease paying dividends on its common stock until the impairment has been removed.