Alaska Statutes Title 10, Chapter 10.20, Article 05 - Dissolution

• Sec. 10.20.290 Voluntary Dissolution.
  (a) A corporation may dissolve and wind up its affairs in the manner set out in (b) and (c) of this section.(b) If there...
• Sec. 10.20.295 Distribution of Assets.
  The assets of a corporation in the process of dissolution shall be applied and distributed as follows:(1) all liabilities and obligations of the corporation...
• Sec. 10.20.300 Plan of Distribution.
  (a) A plan providing for the distribution of assets, not inconsistent with the provisions of this chapter, may be adopted by a corporation in...
• Sec. 10.20.305 Revocation of Voluntary Dissolution Proceedings.
  (a) A corporation may, at any time before the issuance of a certificate of dissolution by the commissioner, revoke the action taken to dissolve...
• Sec. 10.20.310 Articles of Dissolution.
  If voluntary dissolution proceedings have not been revoked, then, after all debts, liabilities, and obligations of the corporation have been paid and discharged, or...
• Sec. 10.20.315 Filing of Articles of Dissolution.
  (a) Duplicate originals of the articles of dissolution shall be delivered to the commissioner. Upon finding that the articles of dissolution conform to law,...
• Sec. 10.20.320 Effect of Certificate of Dissolution.
  Upon the issuance of the certificate of dissolution the existence of the corporation ceases, except for the purpose of suits, other proceedings and appropriate...
• Sec. 10.20.325 Grounds for Involuntary Dissolution.
  A corporation may be dissolved involuntarily by the commissioner when it is established that(1) the corporation has failed to file its biennial report within...
• Sec. 10.20.330 Notification to Attorney General. [Repealed, Sec. 35 Ch 170 Sla 1976].
  Repealed or Renumbered
• Sec. 10.20.335 Notice to Corporation.
  When the commissioner determines that a corporation has given any cause for involuntary dissolution, the commissioner shall mail to the corporation a notice, setting...
• Sec. 10.20.340 Action for Involuntary Dissolution. [Repealed, Sec. 37 Ch 170 Sla 1976].
  Repealed or Renumbered
• Sec. 10.20.345 Removal of Ground for Dissolution.
  If the corporation, within the time required by this chapter, files its biennial report or appoints or maintains a registered agent as provided in...
• Sec. 10.20.350 Jurisdiction and Process. [Repealed, Sec. 39 Ch 170 Sla 1976].
  Repealed or Renumbered
• Sec. 10.20.355 Jurisdiction of Court to Liquidate Assets and Business of Corporation.
  The superior court may liquidate the assets and business of a corporation in the cases provided in AS 10.20.360 - 10.20.370.
• Sec. 10.20.360 Action by Members for Liquidation.
  In an action by a member, the superior court may liquidate the assets and business of a corporation when it is established that(1) the...
• Sec. 10.20.365 Action by Creditor for Liquidation.
  (a) In an action by a creditor, the superior court may liquidate the assets and business of a corporation when(1) the claim of the...
• Sec. 10.20.370 Liquidation on Application by Corporation.
  Upon application by a corporation that has filed a statement of intent to dissolve, as provided in this chapter, to have its liquidation continued...
• Sec. 10.20.375 Liquidation in Action by Attorney General for Dissolution. [Repealed, Sec. 41 Ch 170 Sla 1976].
  Repealed or Renumbered
• Sec. 10.20.380 Joinder of Members Not Mandatory.
  It is not necessary to make members parties to an action or proceeding for liquidation of the assets of a corporation unless relief is...
• Sec. 10.20.385 Procedure in Liquidation of Corporation by Court.
  In a proceeding to liquidate the assets and business of a corporation the superior court may issue injunctions, appoint a receiver pendente lite with...
• Sec. 10.20.390 Appointment of Receiver; Powers.
  After a hearing held upon such notice as the court may direct to be given to all parties to the proceedings and to any...
• Sec. 10.20.395 Disposition of Assets or Proceeds.
  The assets of the corporation or the proceeds resulting from a sale, conveyance, or other disposition of the assets shall be applied and distributed...
• Sec. 10.20.400 Powers and Duties of Receiver.
  The order appointing the liquidating receiver shall state the receiver's powers and duties. The powers and duties may be increased or diminished at any...
• Sec. 10.20.405 Compensation of Receiver and Attorneys.
  The court may allow from time to time, as expenses of the liquidation, compensation to the receiver and to attorneys in the proceeding, and...
• Sec. 10.20.410 Power of Receiver to Sue and Defend.
  A receiver of a corporation appointed under this chapter may sue and defend in all courts in the receiver's own name as receiver of...
• Sec. 10.20.415 Exclusive Jurisdiction of Appointing Court.
  The court appointing the receiver has exclusive jurisdiction of the corporation and its property, wherever situated.
• Sec. 10.20.420 Qualifications of Receivers.
  A receiver shall be a citizen of the United States or a corporation authorized to act as receiver, which corporation may be a domestic...
• Sec. 10.20.425 Filing of Claims in Liquidation Proceedings.
  (a) In a proceeding to liquidate the assets and business of a corporation the court may require creditors of the corporation to file with...
• Sec. 10.20.430 Discontinuance of Liquidation Proceedings.
  The liquidation of the assets and business of a corporation may be discontinued at any time during the liquidation proceeding when it is established...
• Sec. 10.20.435 Decree of Involuntary Dissolution.
  In proceedings to liquidate the assets and business of a corporation, when the costs and expenses of the proceeding and the debts, obligations, and...
• Sec. 10.20.440 Filing of Decree of Dissolution.
  If the court enters a decree dissolving a corporation, the clerk of the court shall file a certified copy of the decree with the...
• Sec. 10.20.445 Deposit With Commissioner of Amount Due Creditors or Members.
  Upon the voluntary or involuntary dissolution of a corporation, the portion of the assets distributable to a creditor or member who is unknown or...
• 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...
• Sec. 10.20.452 Continued Existence for Certain Purposes.
  If a dissolved corporation is the owner of real or personal property, or claims an interest in or lien upon real or personal property,...

Last modified: November 15, 2016