Alaska Statutes 10.20.650 – Penalties imposed upon officers and directors
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Terms Used In Alaska Statutes 10.20.650
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- commissioner: means commissioner of commerce, community, and economic development. See Alaska Statutes 10.20.920
- Conviction: A judgement of guilt against a criminal defendant.
- 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.
- Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
Each officer and director of a domestic or foreign corporation who fails or refuses within the time prescribed by this chapter to answer truthfully and fully interrogatories propounded by the commissioner in accordance with this chapter, or who signs any articles, statement, report, application, or other document filed with the commissioner that is known to the officer or director to be false in any material respect, is guilty of a misdemeanor, and upon conviction is punishable by a fine of not more than $500.