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Alaska Statutes Title 10. Corporations and Associations § 10.06.668. Provision for payment of debt or liability

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Alaska Statutes Title 10. Corporations and Associations § 10.06.668. Provision for payment of debt or liability - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-10-corporations-and-associations/ak-st-sect-10-06-668/

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