The powers and duties of the directors or other persons appointed by the court under Alaska Stat. § 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 liquidate or wind up the affairs of the corporation;

Terms Used In Alaska Statutes 10.06.660

  • 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.
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • shares: means the units into which the proprietary interests in a corporation are divided. See Alaska Statutes 10.06.990
(2) to continue the conduct of the business insofar as necessary for the disposal or winding up of the business;
(3) to carry out contracts and collect, pay, compromise, and settle debts and claims for or against the corporation;
(4) to defend suits brought against the corporation;
(5) to sue, in the name of the corporation, for sums due or owing to the corporation or to recover property of the corporation;
(6) to collect amounts remaining unpaid on subscriptions to shares or to recover unlawful distributions;
(7) to sell at public or private sale, exchange, convey, or otherwise dispose of all or any part of the assets of the corporation for cash in an amount considered reasonable by the board with or without compliance with the provisions of Alaska Stat. § 10.06.568 and 10.06.570 and without dissenters’ rights (Alaska Stat. § 10.06.574 – 10.06.582) and upon terms, conditions, and other considerations the board considers reasonable or expedient;
(8) to execute bills of sale and deeds of conveyance in the name of the corporation;
(9) in general to make contracts and to do any and all things in the name of the corporation that may be proper or convenient for the purposes of winding up, settling, and liquidating the affairs of the corporation.
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