(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

Terms Used In Alaska Statutes 10.06.635

  • action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
  • board: means the board of directors of a domestic or foreign corporation. See Alaska Statutes 10.06.990
  • commissioner: means the commissioner of commerce, community, and economic development or a designee of the commissioner. 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.
  • Fraud: Intentional deception resulting in injury to another.
  • Statute: A law passed by a legislature.
(1) procured its certificate of incorporation through fraud;
(2) continued to exceed or abuse the authority conferred upon it by law;
(3) seriously violated a statute regulating corporations; or
(4) violated a provision of law by an act or default that under the law is a ground for forfeiture of corporate existence.
(b) The court may order dissolution or other or partial relief as it considers just and expedient. The court also may appoint a receiver under Alaska Stat. § 10.06.643 for winding up the affairs of the corporation or may order that the corporation be wound up by its board subject to the supervision of the court.
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