Alaska Statutes.
Title 10. Corporations and Associations
Chapter 20. Alaska Nonprofit Corporation Act
Section 365. Action By Creditor For Liquidation.
previous: Section 360. Action By Members For Liquidation.
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AS 10.20.365. Action By Creditor For Liquidation.

In an action by a creditor, the superior court may liquidate the assets and business of a corporation when

(1) the claim of the creditor has been reduced to judgment and an execution on the judgment has been returned unsatisfied and it is established that the corporation is insolvent; or

(2) the corporation has admitted in writing that the claim of the creditor is due and owing and it is established that the corporation is insolvent.

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