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Title 3 . Commerce, Community, and Economic Development
Chapter 3 . Land Sales
Section 115. Shares

3 AAC 03.115. Shares

(a) Types of Accounts. The board of directors may offer types of share accounts which best meet the needs of the members.

(b) Dividends. Varying dividends may be paid on different types of accounts and at different intervals if sufficient amounts have been accrued to pay dividends earned or contracted for.

History: Eff. 1/21/81, Register 77

Authority: AS 06.45.010

AS 06.45.060 (6)

AS 06.45.190


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Last modified 7/05/2006