Alaska Stat. § 10.20.365
This is the official text of Alaska Stat. § 10.20.365, part of Alaska’s Stat — part of the compiled statutory law of Alaska, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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Action by creditor for liquidation.
Official statutory text
(a) 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.
(b) In this section insolvent means inability of a corporation to pay its debts as they become due in the usual course of its business.
(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.
(b) In this section insolvent means inability of a corporation to pay its debts as they become due in the usual course of its business.
Status: in_force · Read it on the official government site
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