Alaska Statutes 10.15.300 – Sale or other disposition of entire assets
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 10.15.300
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- board: means board of directors. See Alaska Statutes 10.15.595
- cooperative: means a cooperative corporation subject to the provisions of this chapter. See Alaska Statutes 10.15.595
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- property: includes real and personal property. See Alaska Statutes 01.10.060
The sale, lease, exchange or other disposition of all, or substantially all, the property and assets of a cooperative, when made in the usual and regular course of the business of the cooperative, may be made on the terms and conditions and for the consideration authorized by the board. The consideration may consist in whole or in part of money or real or personal property, including shares of another cooperative, corporation or association, domestic or foreign, as authorized by its board. Authorization or consent of members or shareholders is not required.