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https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-411/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.411. Delivery of information and items to shareholders. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.411. Delivery of information and items to shareholders. | (a) A corporation shall be considered to have delivered an annual report, proxy statement, or other information to shareholders of record who reside at the same physical location and share an address if the corporation delivers an annual report, proxy statement, or other information to the shared address; the corporati... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-413/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.413. Voting list; liability. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.413. Voting list; liability. | (a) At least 20 days before each meeting of shareholders, the officer or agent having charge of the stock transfer books for shares of a corporation shall make a list of the shareholders entitled to vote at the meeting or an adjournment of the meeting arranged in alphabetical order, with the address of and the number o... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-415/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.415. Quorum of shareholders. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.415. Quorum of shareholders. | (a) Unless otherwise provided in the articles of incorporation, a majority of the shares entitled to vote, represented in person, by remote communication, or by proxy, constitutes a quorum at a meeting of shareholders, but in no event may a quorum consist of less than one-third of the shares entitled to vote at the mee... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-418/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.418. Proxies. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.418. Proxies. | (a) Each person entitled to vote shares may authorize another person or persons to act by proxy with respect to the shares. A proxy purporting to be executed in accordance with the provisions of this chapter is presumed valid.
(b) A proxy is not valid after the expiration of 11 months from the date of the proxy unless ... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-420/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.420. Voting of shares. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.420. Voting of shares. | (a) An outstanding share, regardless of class, is entitled to one vote on each matter submitted to a vote at a meeting of shareholders, except as may be otherwise provided in the articles of incorporation. If the articles provide for more or less than one vote for any share, on any matter, every reference in this chapt... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-421/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.421. Corporation's acceptance of certain documents. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.421. Corporation's acceptance of certain documents. | (a) If the name signed on a vote, consent, waiver, or proxy appointment corresponds to the name of a shareholder, the corporation, if acting in good faith, is entitled to accept the document and give it effect as the act of the shareholder.
(b) If the name signed on a document does not correspond to the name of its sha... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-423/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.423. Actions taken without meeting: written consent; revocation of consent. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.423. Actions taken without meeting: written consent; revocation of consent. | (a) Unless prohibited by the articles or the bylaws, whenever under this chapter shareholders are required or permitted to take action by vote, the action may be taken without a meeting by written consents, identical in content, setting out the action taken, signed by the holders of all outstanding shares entitled to v... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-424/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.424. Shareholder agreements. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.424. Shareholder agreements. | (a) The shareholders of a corporation may enter into an agreement among all the shareholders to impose restrictions on the transfer or registration of shares of the corporation to
(1) maintain the corporation's status, including election of S corporation status under 26 U.S.C. (Internal Revenue Code), when the status d... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-425/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.425. Voting trusts and agreements among shareholders. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.425. Voting trusts and agreements among shareholders. | (a) Any number of shareholders of a corporation may create a voting trust for the purpose of conferring upon a trustee or trustees the right to vote or otherwise represent their shares by entering into a written voting trust agreement specifying the terms and conditions of the voting trust, by depositing a copy of the ... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-428/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.428. Shareholders' preemptive rights. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.428. Shareholders' preemptive rights. | (a) Except to the extent limited or denied by this section or by the articles of incorporation, shareholders have a preemptive right to acquire unissued shares or securities convertible into such shares or carrying a right to subscribe to or acquire shares.
(b) Unless otherwise provided in the articles of incorporation... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-430/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.430. Books and records. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.430. Books and records. | (a) A corporation organized under this chapter shall keep correct and complete books and records of account, minutes of proceedings of its shareholders, board, and committees of the board, and a record of its shareholders, containing the names and addresses of all shareholders and the number and class of the shares hel... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-433/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.433. Annual report to shareholders; content; financial statement on request. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.433. Annual report to shareholders; content; financial statement on request. | (a) The board shall send an annual report to the shareholders not later than 180 days after the close of the fiscal year or the date on which notice of the annual meeting in the next fiscal year is sent under AS 10.06.410, whichever is first. A corporation with less than 100 holders of record of its shares, as determin... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-435/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.435. Shareholders' derivative action. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.435. Shareholders' derivative action. | (a) An action may be brought in the right of a domestic or foreign corporation to procure a judgment in its favor by a holder of shares of the corporation, of voting trust certificates of the corporation, or of a beneficial interest in shares of the corporation.
(b) In a derivative action, the complaint shall be verifi... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-5/section-10-06-438/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 5. Shareholders and Records.›Sec. 10.06.438. Liability of shareholders, subscribers, and others arising out of shares. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 5. Shareholders and Records. › Sec. 10.06.438. Liability of shareholders, subscribers, and others arising out of shares. | (a) A holder of or subscriber to shares of a corporation is under no obligation to the corporation or its creditors as holder or subscriber with respect to the shares other than the obligation to pay the corporation the full consideration for which the shares were issued or to be issued.
(b) An assignee or transferee o... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-450/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.450. Board of directors; duty of care; right of inspection; dissent. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.450. Board of directors; duty of care; right of inspection; dissent. | (a) All corporate powers shall be exercised by or under the authority of, and the business and affairs of a corporation shall be managed under the direction of, a board of directors except as may be otherwise provided in this chapter. If a provision is made under AS 10.06.468 or in the articles, the powers, duties, pri... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-453/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.453. Number, election, and tenure of directors; initial directors. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.453. Number, election, and tenure of directors; initial directors. | (a) The board of directors shall consist of one or more members. The number of directors shall be fixed by, or in the manner provided in, the bylaws, unless the articles fix the number of directors, in which case a change in the number of directors shall be made only by amendment of the articles. If the number of direc... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-455/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.455. Classification of directors. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.455. Classification of directors. | (a) If the board consists of three or more members, the articles of incorporation may provide that instead of electing all the directors annually the directors be divided into either two or three classes, each class to be as nearly equal in number as possible, with the term of office of directors of the first class to ... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-458/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.458. Declaration of board vacancy where director of unsound mind. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.458. Declaration of board vacancy where director of unsound mind. | The board may declare vacant the office of a director who has been declared of unsound mind by a court order. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-460/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.460. Removal of director without cause. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.460. Removal of director without cause. | (a) At a regular or special meeting for which notice is given under AS 10.06.410 and this section, any or all of the directors may be removed without reason if the removal is approved by the outstanding shares, subject to the following:
(1) in the case of a corporation with 500 or more holders of record entitled to vot... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-463/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.463. Removal of director by superior court. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.463. Removal of director by superior court. | The superior court may, at the suit of the board or the shareholders holding at least 10 percent of the number of outstanding shares of any class, remove from office a director for fraudulent or dishonest acts, gross neglect of duty, or gross abuse of authority or discretion with reference to the corporation and may ba... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-465/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.465. Vacancies and resignation; special meeting of shareholders. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.465. Vacancies and resignation; special meeting of shareholders. | (a) Unless otherwise provided in the articles or bylaws of the corporation and except for a vacancy created by the removal of a director, vacancies on the board may be filled by a majority of the directors then in office, whether or not less than a quorum, or by a sole remaining director. Unless the articles or a bylaw... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-468/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.468. Executive and other board committees. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.468. Executive and other board committees. | (a) If authorized by the articles or the bylaws of the corporation, the board, by resolution adopted by a majority of the entire board, may designate from among its members an executive committee and other committees of the board. Unless the number of directors fixed in accordance with AS 10.06.453 is less than three, ... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-470/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.470. Meetings: call, place, notice, and waiver. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.470. Meetings: call, place, notice, and waiver. | (a) A regular or special meeting of the board or a committee of the board may be called by the chair of the board, the president, a vice-president, the secretary, or a director and may be held at any place designated under the bylaws inside or outside the state, by remote communication, or at a designated place inside ... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-473/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.473. Quorum of directors. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.473. Quorum of directors. | (a) A majority of the number of directors fixed by the articles or bylaws of a corporation constitutes a quorum for the transaction of business unless a greater number is required by the articles or bylaws. The act of a majority of the directors present at a meeting at which a quorum is present is the act of the board,... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-475/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.475. Alternative meeting arrangements; informal action by directors. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.475. Alternative meeting arrangements; informal action by directors. | (a) Unless prohibited by the articles or bylaws of the corporation, the board of a corporation or a committee designated by the board can validly conduct a meeting by communicating simultaneously with each other by means of conference telephones or similar communications equipment.
(b) Unless prohibited by the articles... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-478/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.478. Director conflicts of interest. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.478. Director conflicts of interest. | (a) A contract or other transaction between a corporation and one or more of the directors of the corporation, or between a corporation and a corporation, firm, or association in which one or more of the directors of the corporation has a material financial interest, is neither void nor voidable because the director or... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-480/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.480. Liability of directors and contributions from shareholders and other directors. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.480. Liability of directors and contributions from shareholders and other directors. | (a) In addition to other liabilities, a director is liable in the following circumstances unless the director complies with the standard provided in AS 10.06.450(b) for the performance of the duties of directors:
(1) a director who votes for or assents to a distribution to the corporation's shareholders contrary to the... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-483/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.483. Officers; tenure, resignation, authority, and duties. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.483. Officers; tenure, resignation, authority, and duties. | (a) A corporation shall have a president, a secretary, a treasurer, and other officers with titles and duties as stated in the bylaws of the corporation or determined by the board and as may be necessary to enable the corporation to sign instruments and share certificates. Any two or more offices may be held by the sam... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-485/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.485. Loans to directors, officers, and employees. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.485. Loans to directors, officers, and employees. | (a) A loan may not be extended to an officer or employee without authorization by the board. A loan may not be extended to a director without the approval of two-thirds of the voting shares. An employee or officer who is also a director is considered a director for purposes of this section. A shareholder is not disqual... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-6/section-10-06-490/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 6. Directors, Officers, Employees, and Agents.›Sec. 10.06.490. Indemnification of officers, directors, employees, and agents; insurance. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 6. Directors, Officers, Employees, and Agents. › Sec. 10.06.490. Indemnification of officers, directors, employees, and agents; insurance. | (a) A corporation may indemnify a person who was, is, or is threatened to be made a party to a completed, pending, or threatened action or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation, by reason of the fact that the person is or was a ... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-502/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.502. Permitted and prohibited amendments. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.502. Permitted and prohibited amendments. | (a) By complying with the provisions of this chapter a corporation may amend its articles of incorporation from time to time and in as many respects as desired if its articles as amended contain only provisions that would be lawful to insert in original articles filed at the time of the filing of the amendment.
(b) In ... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-504/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.504. Procedure to amend articles of incorporation; application to certain elections. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.504. Procedure to amend articles of incorporation; application to certain elections. | (a) A corporation shall amend its articles of incorporation in the following manner:
(1) if shares have not been issued, the board shall adopt a resolution setting out the proposed amendment or amendments;
(2) subject to AS 10.06.506, if shares have been issued, an amendment shall be approved by the board and the outst... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-506/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.506. Class voting on amendments. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.506. Class voting on amendments. | (a) The holders of the outstanding shares of a class may vote as a class upon a proposed amendment, whether or not the holders are entitled to vote on the amendment by the provisions of the articles of incorporation, if the amendment
(1) increases or decreases the aggregate number of authorized shares of the class;
(2)... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-508/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.508. Greater voting requirements. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.508. Greater voting requirements. | If the articles of incorporation require the vote of a larger proportion or of all of the shares of a class or series, or of a larger proportion or of all the directors, than is otherwise required by this chapter, the provision in the articles requiring the greater vote may not be altered, amended, or repealed except b... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-510/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.510. Execution and content of articles of amendment. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.510. Execution and content of articles of amendment. | The articles of amendment shall be executed by the corporation by its president or vice-president and by its secretary or an assistant secretary and must set out the
(1) name of the corporation;
(2) amendment adopted;
(3) date of the approval of the amendment by the board and outstanding shares, or by the board if shar... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-512/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.512. Filing of articles of amendment. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.512. Filing of articles of amendment. | An original and an exact copy of the articles of amendment shall be delivered to the commissioner for processing according to AS 10.06.910 and for issuance of a certificate of amendment. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-514/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.514. Effective date and effect of amendment. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.514. Effective date and effect of amendment. | (a) An amendment is effective upon the issuance of a certificate of amendment by the commissioner, or on a later date, not more than 30 days after the filing of the certificate with the commissioner, as provided in the articles of amendment.
(b) An amendment may not affect an existing cause of action in favor of or aga... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-516/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.516. Restated articles of incorporation. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.516. Restated articles of incorporation. | A domestic corporation may, by resolution adopted by the board, restate its articles of incorporation as amended up to that time. Upon the adoption of the resolution, restated articles shall be executed by the corporation by its president or a vice-president and by its secretary or an assistant secretary and must set o... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-518/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.518. Filing of restated articles of incorporation. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.518. Filing of restated articles of incorporation. | An original and an exact copy of the restated articles of incorporation shall be delivered to the commissioner for processing according to AS 10.06.910 and for issuance of a restated certificate of incorporation. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-520/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.520. Effect of issuance of restated certificate of incorporation. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.520. Effect of issuance of restated certificate of incorporation. | Upon the issuance of a restated certificate of incorporation, the restated articles of incorporation become effective and supersede the original articles and all amendments. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-522/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.522. Amendment of articles of incorporation in reorganization proceedings. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.522. Amendment of articles of incorporation in reorganization proceedings. | (a) If a plan of reorganization of a corporation has been confirmed by decree or order of a court in proceedings for the reorganization of the corporation under an applicable statute of the United States relating to reorganization of corporations, the articles of the corporation may be amended as necessary in the manne... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-524/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.524. Filing of amendment of articles in reorganization proceedings. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.524. Filing of amendment of articles in reorganization proceedings. | An original and an exact copy of the articles of amendment in reorganization proceedings shall be delivered to the commissioner for processing according to AS 10.06.910 and for issuance of a certificate of amendment. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-7/section-10-06-526/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 7. Amendments and Changes.›Sec. 10.06.526. Effective date and effect of amendment of articles in reorganization proceedings. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 7. Amendments and Changes. › Sec. 10.06.526. Effective date and effect of amendment of articles in reorganization proceedings. | An amendment becomes effective upon the issuance of a certificate of amendment in reorganization proceedings, and the articles are considered to be amended without action by the directors or shareholders of the corporation and with the same effect as if the amendments had been adopted by unanimous action of the directo... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-530/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.530. Merger. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.530. Merger. | Two or more domestic corporations may merge into one of such corporations under a plan of merger approved in the manner provided in AS 10.06.530 - 10.06.582. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-532/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.532. Procedure for merger. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.532. Procedure for merger. | A plan of merger approved by a resolution of the board of each corporation shall be proposed setting out
(1) the names of the corporations proposing to merge and the name of the surviving corporation into which they propose to merge;
(2) the terms and conditions of the proposed merger;
(3) the manner and basis of conve... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-534/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.534. Consolidation. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.534. Consolidation. | Two or more domestic corporations may consolidate into a new domestic corporation under a plan of consolidation approved in the manner provided in AS 10.06.530 - 10.06.582. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-536/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.536. Procedure for consolidation. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.536. Procedure for consolidation. | A plan of consolidation approved by a resolution of the board of each corporation shall be proposed setting out
(1) the names of the corporations proposing to consolidate and the name of the new corporation into which they propose to consolidate;
(2) the terms and conditions of the proposed consolidation;
(3) the manne... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-538/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.538. Share exchange. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.538. Share exchange. | All of the issued or outstanding shares of one or more classes of a domestic corporation may be acquired through the exchange of all of the issued or outstanding shares of the class or classes by another domestic or foreign corporation under a plan of exchange approved in the manner provided in AS 10.06.530 - 10.06.582... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-540/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.540. Procedure for share exchange. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.540. Procedure for share exchange. | (a) A plan of exchange approved by a resolution of the board of each corporation shall be proposed setting out
(1) the name of the corporation the shares of which are proposed to be acquired by exchange and the name of the acquiring corporation;
(2) the terms and conditions of the proposed exchange;
(3) the manner and ... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-542/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.542. Disparate treatment of shares of the same class or series prohibited; exceptions. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.542. Disparate treatment of shares of the same class or series prohibited; exceptions. | (a) Except as provided in (b) of this section all shares of the same class or series shall be treated equally with respect to a distribution of shares, cash, property, rights, or securities in any plan of merger, consolidation, or share exchange.
(b) Disparate treatment of shares of the same class or series may be prop... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-544/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.544. Notice to and approval by shareholders. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.544. Notice to and approval by shareholders. | Upon approval by the board of each corporation of a plan of merger, consolidation, or exchange, each board shall, by resolution, direct that the plan be submitted for approval, at either an annual or special meeting, by the outstanding shares of each corporation. Written notice shall be given to each shareholder of rec... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-546/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.546. Manner of approval by shareholders. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.546. Manner of approval by shareholders. | At each meeting for which notice is given under AS 10.06.544 a vote of the shareholders shall be taken on the proposed plan of merger, consolidation, or exchange. Each outstanding share of each corporation may vote on the proposed plan whether or not the share has voting rights under the articles of the corporation. Th... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-548/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.548. Abandonment of plan of merger, consolidation, or exchange. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.548. Abandonment of plan of merger, consolidation, or exchange. | After approval of the outstanding shares of each corporation under AS 10.06.546 and before the filing of the articles of merger, consolidation, or exchange, the merger, consolidation, or exchange may be abandoned under provisions set out in the plan. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-550/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.550. Execution and contents of articles of merger, consolidation, or exchange. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.550. Execution and contents of articles of merger, consolidation, or exchange. | After approval, articles of merger, articles of consolidation, or articles of exchange shall be executed by each corporation by its president or a vice-president and by its secretary or an assistant secretary, and must set out the
(1) plan of merger, consolidation, or exchange;
(2) number of shares outstanding of each ... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-552/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.552. Filing of articles of merger, consolidation, or exchange. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.552. Filing of articles of merger, consolidation, or exchange. | An original and an exact copy of the articles of merger, consolidation, or exchange shall be delivered to the commissioner for processing according to AS 10.06.910 and for the issuance of a certificate of merger, consolidation, or exchange. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-554/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.554. Merger of subsidiary corporation. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.554. Merger of subsidiary corporation. | A corporation owning at least 90 percent of the outstanding shares of each class of another corporation may merge the other corporation into itself without approval by a vote of the shareholders of either corporation. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-556/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.556. Procedure for merger of subsidiary corporation. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.556. Procedure for merger of subsidiary corporation. | (a) The board of a proposed surviving corporation shall, by resolution, approve a plan of merger setting out
(1) the name of the subsidiary corporation and the name of the corporation owning at least 90 percent of its shares;
(2) subject to AS 10.06.542, the manner and basis of converting the shares of the subsidiary c... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-558/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.558. Filing of articles of merger of subsidiary corporation. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.558. Filing of articles of merger of subsidiary corporation. | An original and an exact copy of the articles of merger of a subsidiary corporation shall be delivered to the commissioner for processing according to AS 10.06.910 and for the issuance of a certificate of merger. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-560/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.560. Effective date and effect of merger, consolidation, or exchange. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.560. Effective date and effect of merger, consolidation, or exchange. | (a) A merger, consolidation, or exchange is effective upon the issuance of a certificate of merger, consolidation, or exchange by the commissioner, or on a later date, not more than 30 days after the filing of the certificate with the commissioner, as provided in the plan.
(b) When a merger or consolidation becomes eff... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-562/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.562. Merger, consolidation, or exchange of shares between domestic and foreign corporatio... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.562. Merger, consolidation, or exchange of shares between domestic and foreign corporation. | One or more foreign corporations and one or more domestic corporations may be merged or consolidated, or participate in an exchange, if the merger, consolidation, or exchange is permitted by the laws of the state under which each foreign corporation is organized and
(1) each domestic corporation complies with the provi... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-564/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.564. Disclosure of alien affiliates. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.564. Disclosure of alien affiliates. | Not less than 20 days before the consummation of an organic change under AS 10.06.530 - 10.06.562, the surviving or new corporation shall deliver to the commissioner
(1) a list of the names and addresses of each alien affiliate of the surviving or new corporation;
(2) the percentage of outstanding shares controlled by ... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-566/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.566. Disposition of assets in regular course of business; mortgage or pledge of assets. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.566. Disposition of assets in regular course of business; mortgage or pledge of assets. | The board of the corporation, without the approval of the shareholders or outstanding shares of the corporation, may authorize the sale, lease, exchange, or other disposition of all, or substantially all, the property and assets of a corporation in the usual and regular course of its business and the mortgage or pledge... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-568/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.568. Disposition of assets not in regular course of business. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.568. Disposition of assets not in regular course of business. | (a) A sale, lease, exchange, or other disposition of all, or substantially all, of the property and assets, with or without the good will, of a corporation, if not in the usual and regular course of its business, may be made upon terms and conditions and for consideration, that may consist in whole or in part of cash o... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-570/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.570. Approval of transaction by shareholders. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.570. Approval of transaction by shareholders. | (a) At a meeting for which notice is given under AS 10.06.568(b) a vote of the shareholders shall be taken on the recommended sale, lease, exchange, or other disposition and the shareholders may fix, or may authorize the board to fix, the terms and conditions and the consideration to be received by the corporation. The... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-572/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.572. Abandonment of transaction by board. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.572. Abandonment of transaction by board. | The board in its discretion may abandon a sale, lease, exchange, or other disposition of assets after approval by the shares without further action or approval by the shares, subject to the rights of third parties under contracts relating to the sale, lease, exchange, or other disposition. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-574/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.574. Right of shareholders to dissent. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.574. Right of shareholders to dissent. | (a) A shareholder may dissent from the following corporate actions:
(1) a plan of merger, consolidation, or exchange to which the corporation is a party; or
(2) a sale or exchange of all or substantially all of the property and assets of the corporation not made in the usual and regular course of its business, includin... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-576/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.576. Procedures relating to the exercise of a shareholder's right to dissent; completion... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.576. Procedures relating to the exercise of a shareholder's right to dissent; completion of corporate action; notice of election; treatment of shares. | (a) A shareholder electing to exercise a right to dissent shall file with the corporation, before or at the meeting of shareholders at which the proposed corporate action is submitted to a vote, a written objection to the proposed corporate action. The objection must include a notice of election to dissent, the shareho... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-578/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.578. Offer and payment to dissenting shareholders; circumstances where prohibited. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.578. Offer and payment to dissenting shareholders; circumstances where prohibited. | (a) Within 15 days after the expiration of the period within which shareholders may file their notice of election to dissent under AS 10.06.576, or within 15 days after the proposed corporate action is completed, whichever is later, the corporation or, in the case of a merger or consolidation, the surviving or new corp... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-580/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.580. Action to determine value of shares. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.580. Action to determine value of shares. | (a) If the corporation fails to make the offer required by AS 10.06.578(a) or the shareholder rejects the offer within the 30-day period specified in AS 10.06.578(f),
(1) the corporation shall, within 20 days after the expiration of the 30-day period specified in AS 10.06.578(f), file a petition in the court of the jud... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-582/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.582. Status of shares acquired from dissenting shareholders. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.582. Status of shares acquired from dissenting shareholders. | Shares acquired by a corporation under AS 10.06.578 and 10.06.580 shall be held and disposed of by the corporation as other shares reacquired under AS 10.06.388, except that, in the case of a merger or consolidation, they shall be held and disposed of as the plan of merger or consolidation may otherwise provide. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-595/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.595. Application of provisions. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.595. Application of provisions. | Except as provided by AS 10.55.201(c)(1)(A) and 10.55.301(d), a corporation may enter into a merger, interest exchange, conversion, or domestication under AS 10.55. AS 10.06.566 and 10.06.568 do not apply to mergers, interest exchanges, conversions, and domestications that are covered by AS 10.55. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-8/section-10-06-600/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 8. Organic Change.›Sec. 10.06.600. Definitions. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 8. Organic Change. › Sec. 10.06.600. Definitions. | In AS 10.06.530 - 10.06.590,
(1) “consolidation” means a consolidation authorized by AS 10.06.534 or 10.06.562;
(2) “merger” means a merger authorized by AS 10.06.530 or 10.06.562;
(3) “share exchange” means a share exchange authorized by AS 10.06.538 or an exchange of shares covered by AS 10.06.562. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-605/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.605. Voluntary dissolution by vote or written consent of shares, or by approval of the bo... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.605. Voluntary dissolution by vote or written consent of shares, or by approval of the board. | (a) A corporation may elect voluntarily to wind up and dissolve by
(1) the vote of shareholders taken at a special or annual meeting with notice under AS 10.06.410 to each shareholder entitled to vote at the meeting and stating that the purpose, or one of the purposes, of the meeting is to consider approval of voluntar... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-608/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.608. Certificate of election: contents, signing, and filing. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.608. Certificate of election: contents, signing, and filing. | (a) A corporation that has elected to wind up and dissolve shall immediately file a certificate evidencing the election as provided in this section.
(b) The certificate must be an officers' certificate or shall be signed by at least a majority of the directors then in office, by one or more shareholders authorized to d... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-610/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.610. Revocation of election; contents, signing, and filing of certificate. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.610. Revocation of election; contents, signing, and filing of certificate. | (a) A voluntary election to wind up and dissolve under AS 10.06.605 may be revoked before distribution of assets by an election to revoke made in the same manner as an election under AS 10.06.605. A certificate evidencing the election to revoke shall be signed and filed in the manner prescribed in AS 10.06.608.
(b) The... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-613/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.613. Effective date of revocation and effect of revocation. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.613. Effective date of revocation and effect of revocation. | Revocation of a voluntary dissolution proceeding is effective upon compliance with AS 10.06.610 and the corporation may again carry on its business. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-615/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.615. Commencement and conduct of voluntary proceedings for winding up; cessation of busin... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.615. Commencement and conduct of voluntary proceedings for winding up; cessation of business; notice. | (a) Voluntary proceedings for winding up the corporation commence upon the resolution of shareholders or directors of the corporation electing to wind up and dissolve, or upon the filing with the corporation of a written consent of the shareholders.
(b) If a voluntary proceeding for winding up has commenced, the board ... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-618/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.618. Judicial supervision of voluntary winding up; petition and notice; orders protecting... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.618. Judicial supervision of voluntary winding up; petition and notice; orders protecting shareholders and creditors. | If a corporation is in the process of voluntary winding up, a court, upon the petition of the corporation, a five-percent shareholder, or three or more creditors, and upon notice to the corporation and to other persons interested in the corporation as shareholders and creditors as the court may order, may take jurisdic... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-620/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.620. Articles of dissolution: contents. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.620. Articles of dissolution: contents. | If a corporation has been completely wound up without court proceedings, a majority of the directors then in office shall sign articles of dissolution stating that
(1) the corporation has been completely wound up;
(2) its known debts and liabilities have been actually paid, or adequately provided for under AS 10.06.668... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-623/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.623. Filing of articles of dissolution. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.623. Filing of articles of dissolution. | An original and an exact copy of the articles of dissolution shall be delivered to the commissioner for processing according to AS 10.06.910 and for issuance of a certificate of dissolution. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-625/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.625. Effect of certificate of dissolution. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.625. Effect of certificate of dissolution. | Upon the issuance of a certificate of dissolution, the existence of the corporation ceases, except for the purpose of suits, other proceedings, and appropriate corporate action by shareholders, directors, and officers as provided in this chapter. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-628/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.628. Involuntary dissolution by verified complaint; filing; intervention by shareholder o... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.628. Involuntary dissolution by verified complaint; filing; intervention by shareholder or creditor. | (a) A verified complaint for involuntary dissolution of a corporation on any of the grounds specified in (b) of this section may be filed in the superior court by the following persons:
(1) one-half or more of the directors in office;
(2) a shareholder or shareholders who hold shares representing not less than 331/3 pe... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-630/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.630. Avoiding dissolution by verified complaint; purchase of plaintiff's shares; determin... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.630. Avoiding dissolution by verified complaint; purchase of plaintiff's shares; determination of fair value; stay; appraisal; award; appeal. | (a) Subject to a contrary provision in the articles of incorporation, in a suit for involuntary dissolution under AS 10.06.628 the corporation or, if it does not elect to purchase, the holders of 50 percent or more of the voting power of the corporation, the “purchasing parties”, may avoid the dissolution of the corpor... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-633/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.633. Involuntary dissolution by the commissioner: grounds, procedure, reinstatement. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.633. Involuntary dissolution by the commissioner: grounds, procedure, reinstatement. | (a) A corporation may be dissolved involuntarily by the commissioner if
(1) the corporation is delinquent six months in filing its biennial report or in paying its biennial corporation tax or a penalty;
(2) the corporation has failed for 30 days to appoint and maintain a registered agent in the state;
(3) the corporati... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-635/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.635. Commissioner's authority to bring action for involuntary dissolution; grounds; relie... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.635. Commissioner's authority to bring action for involuntary dissolution; grounds; relief. | (a) In addition to other remedies provided by law, a corporation may be dissolved involuntarily by a decree of the superior court in an action filed by the commissioner when it is established that the corporation has
(1) procured its certificate of incorporation through fraud;
(2) continued to exceed or abuse the autho... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-638/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.638. Commencement of commissioner's action; notice; default. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.638. Commencement of commissioner's action; notice; default. | (a) An action for the involuntary dissolution of a corporation under AS 10.06.635 shall be commenced by the commissioner in the superior court.
(b) Summons shall issue and be served as in civil actions. If no registered agent or office is found to serve, the commissioner shall publish notice as in civil cases in a news... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-640/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.640. Appointment of provisional director upon deadlock. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.640. Appointment of provisional director upon deadlock. | (a) If the ground for the complaint for involuntary dissolution of the corporation is a deadlock in the board as set out in AS 10.06.628(b)(2), the court may appoint a provisional director.
(b) A provisional director shall be an impartial person, who is neither a shareholder nor a creditor of the corporation, nor relat... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-643/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.643. Appointment of receiver: application, hearing and notice, security, qualifications,... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.643. Appointment of receiver: application, hearing and notice, security, qualifications, powers, compensation. | (a) If, at the time of the filing of a complaint for involuntary dissolution under AS 10.06.628 or at any time after the filing, the court has reasonable grounds to believe that unless a receiver of the corporation is appointed the interests of the corporation and its shareholders will suffer pending the hearing and de... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-645/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.645. Decree for winding up and dissolution; further judicial relief. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.645. Decree for winding up and dissolution; further judicial relief. | After hearing, the court may decree a winding up and dissolution of the corporation as provided in AS 10.06.625 or, with or without winding up and dissolution, may make orders and decrees and issue injunctions in the case as justice and equity may require. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-648/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.648. Commencement and conduct of involuntary proceedings for winding up; cessation of bus... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.648. Commencement and conduct of involuntary proceedings for winding up; cessation of business; notice. | (a) Involuntary proceedings for winding up commence when an order for winding up is entered under AS 10.06.635(b) or 10.06.645.
(b) If an involuntary proceeding for winding up has commenced, the board shall conduct the winding up of the affairs of the corporation, subject to the supervision of the court, unless other p... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-650/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.650. Jurisdiction of court. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.650. Jurisdiction of court. | If an involuntary proceeding for winding up has been commenced, the jurisdiction of the court includes
(1) the determination of the validity of all claims and demands against the corporation, whether due or not yet due, contingent, unliquidated, or sounding only in damages, and the barring from participation of credito... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-653/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.653. Claims against corporation; court and non-court directed winding up; presentation; n... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.653. Claims against corporation; court and non-court directed winding up; presentation; notice; payment; secured claims; rejected claims. | (a) In a court-directed winding up of a corporation under AS 10.06.618, 10.06.628, 10.06.635, and 10.06.645, creditors and claimants may be barred from participation in a distribution of the general assets of the corporation if they fail to make and present claims and proofs within the time the court may order. The tim... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-655/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.655. Order declaring corporation wound up and dissolved; declarations; effect; additional... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.655. Order declaring corporation wound up and dissolved; declarations; effect; additional orders; discharge of directors and other persons. | (a) Upon the final settlement of the accounts of the directors or other persons appointed under AS 10.06.648 and the determination that the corporation's affairs are in a condition for it to be dissolved, the court shall make an order declaring the corporation legally wound up and dissolved. The order shall declare tha... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-658/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.658. Filing of decree of dissolution. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.658. Filing of decree of dissolution. | The clerk of the court shall file with the commissioner a certified copy of a court decree dissolving a corporation. A fee may not be charged for the filing of a decree of dissolution. |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-660/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.660. Powers and duties of directors and others in dissolution proceedings. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.660. Powers and duties of directors and others in dissolution proceedings. | The powers and duties of the directors or other persons appointed by the court under AS 10.06.648 and officers after commencement of a dissolution proceeding include, but are not limited to, the following acts in the name and on behalf of the corporation:
(1) to elect officers and to employ agents and attorneys to liqu... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-663/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.663. Proceeding to determine identity of directors or to appoint directors. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.663. Proceeding to determine identity of directors or to appoint directors. | If the identity of a director or the right of a director to hold office is in doubt, if a director is dead or unable to act, if a director fails or refuses to act, or if the director's whereabouts cannot be ascertained, an interested person may petition the superior court to determine the identity of the director or, i... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-665/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.665. Distribution of corporate assets among shareholders or other persons; when to be mad... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.665. Distribution of corporate assets among shareholders or other persons; when to be made. | After determining that all of the known debts and liabilities of a corporation in the process of winding up have been paid or adequately provided for, the board shall distribute all the remaining corporate assets among the shareholders according to their respective rights and preferences or, if there are no shareholder... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-668/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.668. Provision for payment of debt or liability. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.668. Provision for payment of debt or liability. | The payment of a debt or liability, whether the whereabouts of the creditor is known or unknown, has been adequately provided for if
(1) payment of the debt or liability has been assumed or guaranteed in good faith by one or more financially responsible corporations or other persons or by the United States government o... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-670/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.670. Distribution in money, property, or securities; installments. | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.670. Distribution in money, property, or securities; installments. | Distribution of assets may be made in money, in property, or in securities and either in installments or as a whole, if the distribution is done fairly and ratably and in conformity with the articles of incorporation and the rights of the shareholders, and shall be made as soon as reasonably consistent with the benefic... |
https://law.justia.com/codes/alaska/title-10/chapter-06/article-9/section-10-06-673/ | AK | Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 10. Corporations and Associations›Chapter 06. Alaska Corporations Code›Article 9. Dissolution.›Sec. 10.06.673. Plan of distribution; adoption; binding effect; notice; payment to dissenting shareh... | 2023 Alaska Statutes › Title 10. Corporations and Associations › Chapter 06. Alaska Corporations Code › Article 9. Dissolution. › Sec. 10.06.673. Plan of distribution; adoption; binding effect; notice; payment to dissenting shareholders; abandonment. | (a) If a corporation in the process of winding up has both preferred and common shares outstanding, a plan of distribution of the shares, obligations, or securities of another corporation, or of the assets of the corporation, other than money, that is not in accordance with the liquidation rights of the preferred share... |
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