Alaska Statutes (Last Updated: January 11, 2017) |
Title 10. CORPORATIONS AND ASSOCIATIONS. |
Chapter 10.20. ALASKA NONPROFIT CORPORATION ACT. |
Article 10.20.05. DISSOLUTION. |
Section 10.20.430. Discontinuance of liquidation proceedings.
Latest version.
-
The liquidation of the assets and business of a corporation may be discontinued at any time during the liquidation proceeding when it is established that cause for liquidation no longer exists. In this event, the court shall dismiss the proceeding and direct the receiver to redeliver to the corporation its remaining property and assets.
Notes
History
(Sec. 1 ch 99 SLA 1968)