Alaska Stat. § 10.25.320
This is the official text of Alaska Stat. § 10.25.320, 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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Dissolution of cooperative that has commenced business.
Official statutory text
(a) A cooperative that has commenced business may be dissolved in the manner set out in this section.
(b) The proposition to dissolve shall be submitted to the members of the cooperative. The notice must state the proposition.
(c) The proposition is approved by the affirmative vote of at least two-thirds of the members voting on the proposition if the number of members voting to approve it constitutes a majority of all members of the cooperative.
(d) Upon approval, a certificate of election to dissolve, hereafter designated the certificate, executed and acknowledged on behalf of the cooperative by its presiding officer under its seal, attested by the officer designated by the board, shall be submitted to the commissioner for filing together with an affidavit by the officer executing the certificate stating that the statements in the certificate are true. The certificate must state the name of the cooperative, the address of its principal office, and that the members of the cooperative have voted to dissolve the cooperative.
(b) The proposition to dissolve shall be submitted to the members of the cooperative. The notice must state the proposition.
(c) The proposition is approved by the affirmative vote of at least two-thirds of the members voting on the proposition if the number of members voting to approve it constitutes a majority of all members of the cooperative.
(d) Upon approval, a certificate of election to dissolve, hereafter designated the certificate, executed and acknowledged on behalf of the cooperative by its presiding officer under its seal, attested by the officer designated by the board, shall be submitted to the commissioner for filing together with an affidavit by the officer executing the certificate stating that the statements in the certificate are true. The certificate must state the name of the cooperative, the address of its principal office, and that the members of the cooperative have voted to dissolve the cooperative.
Status: in_force · Read it on the official government site
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