Title 10 — Corporations and Associations
13 chapters · 986 sections in this title.
AS 10.15.500 Filing articles of dissolution and issuance of certificate of dissolution.
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(a) Duplicate originals of the articles of dissolution shall be filed and a certificate of dissolution shall be issued as provided in AS 10.06 (Alaska Corporations Code). (b) The certificate of dissolution together with the duplicate original of the articles of dissolution affixe…
AS 10.15.505 Involuntary dissolution and cancellation of corporate filings.
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The provisions in AS 10.06 (Alaska Corporations Code) relating to involuntary dissolution of business corporations and to the cancellation of certain corporate filings apply to cooperatives.
AS 10.15.510 Jurisdiction of court to liquidate assets and business of cooperative.
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In addition to any other instances in which the law provides the power, a court may liquidate the assets and business of a cooperative (1) in an action by a member or shareholder when it is established that the members are deadlocked in voting power, and have failed, for a period…
AS 10.15.515 Joinder of members or shareholders unnecessary.
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It is not necessary to make members or shareholders parties to an action or proceeding under AS 10.15.510 unless relief is sought against them personally.
AS 10.15.520 Deposit with department of amount due persons who cannot be found; unknown persons, or incompetent persons.
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Article 6. Foreign Cooperatives. Upon the voluntary or involuntary dissolution of a cooperative, the portion of the assets distributable to a creditor, member, shareholder, or patron or other person unknown or who cannot be found, or who is under a disability with no person legal…
AS 10.15.525 Rights, exemptions, and privileges of foreign cooperatives.
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A foreign cooperative which has a member residing in the state, and which distributes its proceeds and savings according to this chapter or the law of the state where it is incorporated, is entitled to all rights, exemptions, and privileges of a cooperative organized under this c…
AS 10.15.530 Biennial license fee.
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Each cooperative not organized and operated for nonprofit religious, charitable, cemetery, or educational purposes shall pay to the department a biennial license fee. The fee shall be paid before July 2 of the reporting year.
AS 10.15.535 Secs. 10.15.535 , 10.15.540. Determination of license fee for cooperative authorized to issue capital stock; valuation of no-par stock. [Repealed, § 92 ch 36 SLA 1990.]
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[Repealed or reserved.]
AS 10.15.545 Amount of license fee.
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The license fee of each cooperative shall be established by the department by regulation.
AS 10.15.550 Penalty.
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A cooperative that fails to pay the annual license fee before August 15 shall pay a penalty of $10 for each year or part of a year of delinquency.
AS 10.15.555 Miscellaneous fees and charges.
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(a) The department shall establish by regulation and charge and collect from a cooperative fees for filing (1) articles of incorporation or articles of consolidation for a new cooperative; (2) articles of amendment, restated articles, or articles of merger; (3) statement of inten…
AS 10.15.560 Payment required for filing.
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The department may not file a document until all fees and charges required to be paid have been paid or while the cooperative is in default in the payment of fees, charges or penalties provided in this chapter to be paid by or assessed against it.
AS 10.15.563 Accounting and disposition of fees. [Repealed, § 28 ch 90 SLA 1991.]
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Article 8. Miscellaneous Provisions.
AS 10.15.565 Failure to approve document.
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If the department fails to approve articles of incorporation, amendment, merger, consolidation, or dissolution, or any other document required by this chapter to be approved before the document is filed, the procedure and remedies are those specified in AS 10.06 (Alaska Corporati…
AS 10.15.570 Declaration of public policy that cooperatives are not in restraint of trade.
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It is the public policy of the state to encourage the efficient production and distribution of agricultural and other products derived from its natural resources or labor resources. Accordingly, a cooperative that operates in compliance with the provisions of this chapter and tha…
AS 10.15.575 Use of term “cooperative”.
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(a) A person other than a cooperative association incorporated under this chapter or a previous law of the state may not use the term “cooperative,” or any variation of the term, as part of its corporate or other business name or title. However, this section does not apply to coo…
AS 10.15.578 Distinguishable name.
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Article 9. General Provisions. The name of a cooperative association must be distinguishable on the records of the department from the name of any other organized entity and from a reserved or registered name. The department may adopt regulations under AS 44.62 (Administrative Pr…
AS 10.15.580 Powers of department.
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The department has the power and authority reasonably necessary to administer this chapter efficiently and to perform the duties imposed by this chapter.
AS 10.15.585 Application of chapter.
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This chapter applies to the fullest extent permitted by the laws and constitution of the United States and of the state to all existing cooperative associations incorporated under a previously existing law of the state relating to incorporation of cooperative associations. Howeve…
AS 10.15.590 Effect of amendment or repeal of chapter.
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This chapter may be amended, repealed, or modified, but an amendment, repeal, or modification does not affect vested rights or take away or impair a remedy for a liability that has been previously incurred.
AS 10.15.595 Definitions.
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In this chapter, unless the context otherwise requires, (1) “articles” means articles of incorporation; (2) “board” means board of directors; (3) “commissioner” means the commissioner of commerce, community, and economic development; (4) “cooperative” means a cooperative corporat…
AS 10.15.600 Short title.
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This chapter may be cited as the Alaska Cooperative Corporation Act.