(a) A voluntary election to wind up and dissolve under Alaska Stat. § 10.06.605 may be revoked before distribution of assets by an election to revoke made in the same manner as an election under Alaska Stat. § 10.06.605. A certificate evidencing the election to revoke shall be signed and filed in the manner prescribed in Alaska Stat. § 10.06.608.

Terms Used In Alaska Statutes 10.06.610

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • board: means the board of directors of a domestic or foreign corporation. See Alaska Statutes 10.06.990
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • shares: means the units into which the proprietary interests in a corporation are divided. See Alaska Statutes 10.06.990
  • vote: includes authorization by written consent subject to the provisions of Alaska Stat. See Alaska Statutes 10.06.990
(b) The certificate must set out

(1) that the corporation has revoked its election to wind up and dissolve;
(2) that no assets have been distributed as a result of the election;
(3) the number of shares voting for the revocation and the total number of outstanding shares the holders of which were entitled to vote on the revocation, if the election to revoke was made by the vote of shareholders;
(4) a copy of the written consent signed by all shareholders of the corporation if the election to revoke was made by the written consent of the shares;
(5) the resolution of the board if the election to revoke was made by the board.
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