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Alaska Statutes, Title 10

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Alaska/Statutes

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Title 10, Corporations and Associations

13 chapters · 986 sections in this title.

All chapters in Title 10986 Ch 06, Alaska Corporations Code.251 Ch 20, Alaska Nonprofit Corporation Act.157 Ch 50, Alaska Revised Limited Liability Com…147 Ch 15, Alaska Cooperative Corporation Act.122 Ch 13, Alaska BIDCO Act.85 Ch 25, Electric and Telephone Cooperative Act.77 Ch 55, Alaska Entity Transactions Act.50 Ch 45, Professional Corporation Act.26 Ch 10, Business and Industrial Development …23 Ch 40, Religious Corporations.19 Ch 30, Cemetery Associations and Nonprofit …18 Ch 35, Business Names.11

147 sections·Filtered byTitle 10✕Ch 50✕

AS 10.50.580 Other transactions.
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Under AS 10.55 (Alaska Entity Transactions Act), a limited liability company may enter into mergers, interest exchanges, conversions, and domestications that are not covered by AS 10.50.500 10.50.565.
AS 10.50.590 Definition.
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Article 13. Foreign Limited Liability Companies. In AS 10.50.500 10.50.590, limited liability company means a limited liability company organized under this chapter or a foreign limited liability company.
AS 10.50.600 Governing law.
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(a) Subject to the constitution of this state, the law of the state or other jurisdiction under which a foreign limited liability company is organized governs the organization and internal affairs of the company. (b) The department may not deny registration to a foreign limited l…
AS 10.50.605 Registration required.
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Before conducting affairs in this state, a foreign limited liability company shall register with the department. To register, the company shall deliver to the department an application for registration as a foreign limited liability company.

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AS 10.50.610 Execution of registration application.

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An application for registration filed by a foreign limited liability company under AS 10.50.605 shall be signed by a person who is authorized by the law of the state or other jurisdiction where the company was organized to sign the application.

AS 10.50.615 Contents of registration application.

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(a) An application for the registration of a foreign limited liability company must state (1) the name of the foreign limited liability company and, if different, the name the company proposes to use in this state; (2) the state or other jurisdiction where the company was organiz…

AS 10.50.620 Name.

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The department may not file the application for registration of a foreign limited liability company unless the name of the company satisfies the requirements of AS 10.50.020 10.50.025. If the name under which a foreign limited liability is organized in the state or other jurisd…

AS 10.50.623 Change of name.

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If a foreign limited liability company that is registered under this chapter changes its name to one under which it may not register under this chapter, the registration of the company is suspended and the company may not conduct affairs in this state until it has changed its nam…

AS 10.50.625 Amendment of registration.

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A foreign limited liability company may amend its registration by filing an amendment of registration with the department that is signed by a person who has the authority to sign it under the law of the state or other jurisdiction of the company's organization.

AS 10.50.630 Contents of amendment of registration.

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(a) The amendment of registration filed by a foreign limited liability company must state the (1) name of the company; (2) date the original application for registration was filed; and (3) amendment. (b) The application for registration may be amended in any way if the applicatio…

AS 10.50.635 Registered office and registered agent of foreign company.

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A foreign limited liability company registered under this chapter shall have and continuously maintain in the state a registered (1) office that may be, but need not be, the same as its office in this state; and (2) agent, who may be either an individual resident in this state wh…

AS 10.50.637 Change of registered office or registered agent of foreign company.

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A foreign limited liability company registered under this chapter may change its registered office or change its registered agent, or both, upon filing with the department a signed statement setting out (1) the name of the company; (2) the address of its registered office; (3) th…

AS 10.50.638 Filing and effective date of change.

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If the department finds that the statement conforms to the provisions of this chapter, the department shall file the statement, and upon the filing, the change of address of the registered office, or the appointment of a new registered agent, or both, as the case may be, becomes …

AS 10.50.640 Service on foreign company.

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The registered agent appointed by a foreign limited liability company registered under this chapter shall be an agent of the company upon whom process, notice, or demand required or permitted by law to be served upon the company may be served.

AS 10.50.645 Service on commissioner.

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When a foreign limited liability company that is registered under this chapter, or that conducts affairs in this state without being registered under this chapter, fails to appoint or maintain a registered agent in this state, when a registered agent cannot with reasonable dilige…

AS 10.50.650 Revocation of registration.

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(a) The registration of a foreign limited liability company authorizing the company to conduct affairs in this state may be revoked by the commissioner if (1) the company fails to file its biennial report within the time established by this chapter, or fails to pay fees or penalt…

AS 10.50.653 Appeal from revocation of registration.

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If the commissioner revokes the registration of a foreign limited liability company to conduct affairs in this state under this chapter, the company may appeal to the superior court. The court shall either sustain the action of the commissioner or direct the commissioner to take …

AS 10.50.655 Authority to cancel registration.

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A foreign limited liability company registered in this state may cancel its registration by filing an application for cancellation with the department.

AS 10.50.660 Contents of application for cancellation.

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An application for cancellation filed by a foreign limited liability company must state (1) the name of the company and the state or other jurisdiction where the company was organized; (2) that the company is not conducting affairs in this state; (3) that the company cancels its …

AS 10.50.665 Form, manner, and execution of application for cancellation.

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The application for cancellation must be in the form and manner designated by the department and shall be signed on behalf of the foreign limited liability company by (1) a person with authority to sign the application under the law of the state or other jurisdiction of its organ…

AS 10.50.670 Effect of cancellation of registration.

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The cancellation of a registration under this chapter does not terminate the authority of the commissioner to accept service of process on the foreign limited liability company with respect to causes of action arising out of the company's conduct of affairs in this state.

AS 10.50.675 Conducting affairs without registration.

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(a) A foreign limited liability company conducting affairs in this state may not maintain an action or other proceeding in a court of this state until it has registered in this state. (b) The failure of a foreign limited liability company to register in this state does not (1) im…

AS 10.50.690 Liability for fees and penalties.

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A foreign limited liability company that conducts affairs in this state without registration is liable to the department for the following fees and penalties for the full or partial years when it conducts affairs in this state without registration: (1) the fees that would have be…

AS 10.50.700 Civil penalty.

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(a) A foreign limited liability company that conducts affairs in this state without registration is subject to a civil penalty payable to the state not to exceed $10,000 for each calendar year, including a partial year, the company conducts affairs in this state without being reg…

AS 10.50.710 Injunctive relief.

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(a) Upon application to the court, if a court finds that a foreign limited liability company has conducted affairs in this state in violation of this chapter, the court may issue, in addition to imposing a civil penalty, an injunction restraining the company from conducting furth…

AS 10.50.715 Nonliability of member or manager.

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A member or manager of a foreign limited liability company is not liable for the debts and obligations of the company solely because the company conducts affairs in this state without registration.

AS 10.50.720 Transactions not constituting conducting affairs.

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Article 14. Court Actions By and Against Limited Liability Companies. The activities of a foreign limited liability company that are not considered to be conducting affairs in this state for the purposes of AS 10.50.600 10.50.720 include (1) maintaining, defending, or settling …

AS 10.50.730 Actions against companies.

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A court action may be brought by or against a limited liability company. The court action may be brought in the name of the company.

AS 10.50.735 Authority to sue on behalf of company.

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Article 15. Biennial Report. (a) Except as provided in AS 10.50.320, and unless otherwise provided in an operating agreement of the company, a person may not bring a court action on behalf of a limited liability company in the name of the company unless the person is authorized u…

AS 10.50.750 Biennial report required.

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A limited liability company and a foreign limited liability company conducting affairs in this state shall file a biennial report within the time established by this chapter.

AS 10.50.755 Contents of biennial report.

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A biennial report must set out (1) the name of the company and the state or country where it is organized; (2) the address of the registered office of the company in this state, and the name of its registered agent in this state at that address, and, in the case of a foreign limi…

AS 10.50.760 Filing of biennial report.

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(a) A biennial report required by AS 10.50.750 shall be filed with the department and is due before January 2 of the filing year. A limited liability company filing articles of organization and a foreign limited liability company registering during an even-numbered year shall fil…

AS 10.50.765 Filing interim notice of change of managers or managing members.

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Article 16. Miscellaneous Provisions. (a) In the event of a change of the manager of a limited liability company or of a foreign limited liability company registered under this chapter, or of a member of the company, if the members manage the company, during the first year of the…

AS 10.50.800 Company certificates.

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An operating agreement of a limited liability company may authorize the company to issue a certificate as evidence of a limited liability company interest. An operating agreement may also authorize and provide for the assignment or transfer of the interest represented by the cert…

AS 10.50.810 Submission of documents to department.

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When a document is required or allowed to be delivered to or filed with the department under this chapter, the person delivering the document shall deliver to the department the required fee, the original signed document, and an exact copy of the document.

AS 10.50.820 Filing of documents by department.

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(a) If the department determines that a document filed under this chapter conforms to the filing requirements of this chapter, the department shall (1) mark on the original signed document and on the exact copy the word filed and the date and time of the document's acceptance f…

AS 10.50.830 Disapproval of writing by department; appeal.

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If the department fails to approve articles of organization, amendment, merger, consolidation, or dissolution, or any other document required by this chapter to be approved by the department, the department shall, within 10 days after the delivery of the document to the departmen…

AS 10.50.840 Execution of documents.

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(a) Unless otherwise provided in this chapter, a document required by this chapter to be filed with the department by or for a limited liability company shall be signed by (1) a manager of the company if the company is managed by a manager; (2) a member of the company if the arti…

AS 10.50.850 Filing and other fees.

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The department shall charge fees established by the department by regulation adopted under AS 44.62 (Administrative Procedure Act) for (1) filing the original articles of organization; (2) filing an amendment of registration; (3) filing articles of merger or consolidation; (4) fi…

AS 10.50.860 Maintenance of records.

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Unless otherwise provided in an operating agreement, a limited liability company shall keep at its main office (1) current and past lists that state in alphabetical order the full name and last known mailing address of every member and manager of the company; (2) a copy of the co…

AS 10.50.870 Inspection of records.

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(a) A limited liability company shall make its books and records of account, or certified copies of them, reasonably available for inspection and copying at its registered office or principal office in the state by a member of the company. Member inspection shall be upon written …

AS 10.50.880 Disclosure of information.

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The members of a limited liability company, if the articles of organization do not provide that the company is managed by a manager, or the manager of the company, if the articles of organization provide that the company is managed by a manager, shall provide, to the extent just …

AS 10.50.890 Waiver of notice.

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Article 17. General Provisions. If notice is required to be given to a member or manager of a limited liability company under the provisions of this chapter or under the provisions of the articles of organization or an operating agreement of the company, a waiver of the notice in…

AS 10.50.900 Regulations.

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In addition to the regulations the department is required to adopt under this chapter, the department may adopt other regulations under AS 44.62 (Administrative Procedure Act) to implement this chapter.

AS 10.50.910 Interstate application.

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A limited liability company that is organized and existing under this chapter may conduct its affairs and exercise the powers granted by this chapter in another jurisdiction, subject to the laws of that jurisdiction.

AS 10.50.990 Definitions.

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In this chapter, unless the context indicates otherwise, (1) articles of organization means the articles of organization filed under AS 10.50.070 and the articles as amended or restated; (2) commissioner means the commissioner of commerce, community, and economic development;…

AS 10.50.995 Short title.

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This chapter may be cited as the Alaska Revised Limited Liability Company Act.