Alaska Statutes.
Title 10. Corporations and Associations
Chapter 20. Alaska Nonprofit Corporation Act
Section 430. Discontinuance of Liquidation Proceedings.
previous: Section 425. Filing of Claims in Liquidation Proceedings.
next: Section 435. Decree of Involuntary Dissolution.

AS 10.20.430. Discontinuance of Liquidation Proceedings.

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.

All content © 2024 by Touch N' Go/Bright Solutions, Inc.

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2022. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.