After determining that all of the known debts and liabilities of a corporation in the process of winding up have been paid or adequately provided for, the board shall distribute all the remaining corporate assets among the shareholders according to their respective rights and preferences or, if there are no shareholders, to the persons entitled to the assets. If the winding up is by court proceeding or subject to court supervision, the distribution may not be made until after the expiration of any period for the presentation of claims that has been prescribed by order of the court.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 06. Alaska Corporations Code
Sec. 10.06.608. Certificate of election: contents, signing, and filing.
Sec. 10.06.610. Revocation of election; contents, signing, and filing of certificate.
Sec. 10.06.613. Effective date of revocation and effect of revocation.
Sec. 10.06.620. Articles of dissolution: contents.
Sec. 10.06.623. Filing of articles of dissolution.
Sec. 10.06.625. Effect of certificate of dissolution.
Sec. 10.06.633. Involuntary dissolution by the commissioner: grounds, procedure, reinstatement.
Sec. 10.06.638. Commencement of commissioner's action; notice; default.
Sec. 10.06.640. Appointment of provisional director upon deadlock.
Sec. 10.06.645. Decree for winding up and dissolution; further judicial relief.
Sec. 10.06.650. Jurisdiction of court.
Sec. 10.06.658. Filing of decree of dissolution.
Sec. 10.06.660. Powers and duties of directors and others in dissolution proceedings.
Sec. 10.06.663. Proceeding to determine identity of directors or to appoint directors.
Sec. 10.06.668. Provision for payment of debt or liability.
Sec. 10.06.670. Distribution in money, property, or securities; installments.