Alaska Statutes 10.20.380 – Joinder of members not mandatory
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Terms Used In Alaska Statutes 10.20.380
- action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
It is not necessary to make members parties to an action or proceeding for liquidation of the assets of a corporation unless relief is sought against them personally.