2011 Alaska Statutes
Title 10. CORPORATIONS AND ASSOCIATIONS
Chapter 10.06. ALASKA CORPORATIONS CODE
Sec. 10.06.668. Provision for payment of debt or liability.
The payment of a debt or liability, whether the whereabouts of the creditor is known or unknown, has been adequately provided for if
(1) payment of the debt or liability has been assumed or guaranteed in good faith by one or more financially responsible corporations or other persons or by the United States government or an agency of the United States, and the provision was determined in good faith and with reasonable care by the board to be adequate at the time of distribution of the assets by the board under AS 10.06.605 - 10.06.678; or
(2) the amount of the debt or liability has been deposited as provided in AS 10.06.653 .
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
