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2023 Alaska Statutes
Title 10. Corporations and Associations
Chapter 25. Electric and Telephone Cooperative Act
Article 3. Dissolution.
Sec. 10.25.310. Dissolution of cooperative that has not commenced business.
Universal Citation: AK Stat § 10.25.310 (2023)
A cooperative that has not commenced business may be dissolved by delivering articles of dissolution to the commissioner. A majority of the incorporators shall execute and acknowledge articles of dissolution on behalf of the cooperative. The articles must state
(1) the name of the cooperative;
(2) the address of its principal office;
(3) that the cooperative has not commenced business;
(4) that sums received by the cooperative, less that part disbursed for expenses of the cooperative, have been returned or paid to those entitled to them;
(5) that no debt of the cooperative is unpaid;
(6) that a majority of the incorporators elect to dissolve the cooperative.
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