Skip to main content

Alaska Statutes Title 10. Corporations and Associations § 10.50.410. Authority to wind up

Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Unless otherwise provided in an operating agreement, the affairs of a limited liability company may be wound up by the

(1) members or managers who have authority under AS 10.50.110 to manage the company before dissolution;  or

(2) superior court on the application of a member of the company or the member's legal representative or assignee if

(A) a member or manager identified in (1) of this subsection has engaged in wrongful conduct;  or

(B) other cause is shown.

Cite this article: FindLaw.com - Alaska Statutes Title 10. Corporations and Associations § 10.50.410. Authority to wind up - last updated April 21, 2021 | https://codes.findlaw.com/ak/title-10-corporations-and-associations/ak-st-sect-10-50-410/


FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Copied to clipboard