Section 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 the time required by this chapter;
        (2) the corporation procured its articles of incorporation through fraud;
        (3) the corporation has continued to exceed or abuse the authority conferred upon it by law;
        (4) the corporation has failed for 30 days to appoint and maintain a registered agent in the state;
        (5) the corporation has failed for 30 days after change of its registered office or registered agent to file in the office of the commissioner a statement of the change;
        (6) the corporation has failed, within the time required by this chapter, to revoke or complete a plan of voluntary dissolution; or
        (7) the corporation is 90 days delinquent in filing a notice of change of an officer or director as required by this chapter.

Authorities

10.20.630

Notes

Recent Bills that will modify this

HB 122 CORPORATION/LLC/PARTNERSHIP REPORTS

References

AS 10.20.630 Filing of biennial report of domestic and foreign corporations.

History

(Sec. 1 ch 99 SLA 1968; am Sec. 34 ch 170 SLA 1976; am Sec. 53, 54 ch 123 SLA 1980)