Title 10, Corporations and Associations

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 legally competent to receive the distr…

Article 7. Fees, Charges, and Penalties. 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 privilege…

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.

[Repealed or reserved.]

The license fee of each cooperative shall be established by the department by regulation.

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.

(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…

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.

Article 8. Miscellaneous Provisions.

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…

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…

(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…

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…

The department has the power and authority reasonably necessary to administer this chapter efficiently and to perform the duties imposed by this chapter.

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…

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.

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…

This chapter may be cited as the Alaska Cooperative Corporation Act.