The liquidation of the assets and business of a corporation may be discontinued at any time during the liquidation proceeding when it is established that cause for liquidation no longer exists. In this event, the court shall dismiss the proceeding and direct the receiver to redeliver to the corporation its remaining property and assets.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 20. Alaska Nonprofit Corporation Act
Sec. 10.20.290. Voluntary dissolution.
Sec. 10.20.295. Distribution of assets.
Sec. 10.20.300. Plan of distribution.
Sec. 10.20.305. Revocation of voluntary dissolution proceedings.
Sec. 10.20.310. Articles of dissolution.
Sec. 10.20.315. Filing of articles of dissolution.
Sec. 10.20.320. Effect of certificate of dissolution.
Sec. 10.20.325. Grounds for involuntary dissolution.
Sec. 10.20.335. Notice to corporation.
Sec. 10.20.345. Removal of ground for dissolution.
Sec. 10.20.355. Jurisdiction of court to liquidate assets and business of corporation.
Sec. 10.20.360. Action by members for liquidation.
Sec. 10.20.365. Action by creditor for liquidation.
Sec. 10.20.370. Liquidation on application by corporation.
Sec. 10.20.380. Joinder of members.
Sec. 10.20.385. Procedure in liquidation of corporation by court.
Sec. 10.20.390. Appointment of receiver; powers.
Sec. 10.20.395. Disposition of assets or proceeds.
Sec. 10.20.400. Powers and duties of receiver.
Sec. 10.20.405. Compensation of receiver and attorneys.
Sec. 10.20.410. Power of receiver to sue and defend.
Sec. 10.20.415. Exclusive jurisdiction of appointing court.
Sec. 10.20.420. Qualifications of receivers.
Sec. 10.20.425. Filing of claims in liquidation proceedings.
Sec. 10.20.430. Discontinuance of liquidation proceedings.
Sec. 10.20.435. Decree of involuntary dissolution.
Sec. 10.20.440. Filing of decree of dissolution.
Sec. 10.20.445. Deposit with commissioner of amount due creditors or members.