Sec. 10.06.610. Revocation of election; contents, signing, and filing of certificate.

182 words·~1 min read·/ak/title-10/chapter-6/10-06-610

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A voluntary election to wind up and dissolve under AS 10.06.605 may be revoked before distribution of assets by an election to revoke made in the same manner as an election under AS 10.06.605 . A certificate evidencing the election to revoke shall be signed and filed in the manner prescribed in AS 10.06.608 .

(b)The certificate must set out

(1)that the corporation has revoked its election to wind up and dissolve;

(2)that no assets have been distributed as a result of the election;

(3)the number of shares voting for the revocation and the total number of outstanding shares the holders of which were entitled to vote on the revocation, if the election to revoke was made by the vote of shareholders;

(4)a copy of the written consent signed by all shareholders of the corporation if the election to revoke was made by the written consent of the shares;

(5)the resolution of the board if the election to revoke was made by the board.