Alaska Statutes: AS 10.50.410. Authority to Wind Up.

Alaska Statutes. Title 10. Corporations and Associations Chapter 50. Alaska Revised Limited Liability Company Act Section 410. Authority to Wind Up.

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AS 10.50.410. Authority to Wind Up.

Unless otherwise provided in an operating agreement, the affairs of a limited liability company may be wound up by the

(1) members or managers who have authority under AS 10.50.110 to manage the company before dissolution; or
(2) superior court on the application of a member of the company or the member's legal representative or assignee if

(A) a member or manager identified in (1) of this subsection has engaged in wrongful conduct; or

(B) other cause is shown.

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