Alaska Statutes Sec. 10.20.450 - Survival of Remedy After Dissolution

The dissolution of a corporation either by (1) the issuance of a certificate of dissolution by the commissioner, or (2) a decree of the court when the court has not liquidated the assets and business of the corporation as provided in this chapter, or (3) by expiration of its period of duration, does not take away or impair a remedy available to or against the corporation, its directors, officers, or members, for a right or claim existing, or a liability incurred, before dissolution if an action or other proceeding is commenced within two years after the date of dissolution. The action or proceeding by or against the corporation may be prosecuted or defended by the corporation in its corporate name. The members, directors, and officers may take appropriate action to protect the remedy, right, or claim. If the corporation was dissolved by the expiration of its period of duration, it may amend its articles of incorporation at any time during the two year period in order to extend its period of duration.

Section: Previous  10.20.390  10.20.395  10.20.400  10.20.405  10.20.410  10.20.415  10.20.420  10.20.425  10.20.430  10.20.435  10.20.440  10.20.445  10.20.450  10.20.452    Next

Last modified: November 15, 2016