Alaska Statutes Title 10. Corporations and Associations § 10.06.370. Inapplicability to regulated investment company

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,  1 so long as the right of redemption remains unsuspended under the provisions of that statute and the articles and bylaws of the corporation.