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2018 Alaska Statutes
Title 10. Corporations and Associations
Chapter 20. Alaska Nonprofit Corporation Act
Article 5. Dissolution.
Sec. 10.20.430. Discontinuance of liquidation proceedings.
Universal Citation: AK Stat § 10.20.430 (2018)
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.
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