A corporation may be dissolved involuntarily by the commissioner when it is established that

(1) the corporation has failed to file its biennial report within the time required by this chapter;

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Terms Used In Alaska Statutes 10.20.325

  • articles of incorporation: means the original or restated articles of incorporation or articles of consolidation and all amendments to them, including articles of merger. See Alaska Statutes 10.20.920
  • commissioner: means commissioner of commerce, community, and economic development. See Alaska Statutes 10.20.920
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fraud: Intentional deception resulting in injury to another.
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(2) the corporation procured its articles of incorporation through fraud;
(3) the corporation has continued to exceed or abuse the authority conferred upon it by law;
(4) the corporation has failed for 30 days to appoint and maintain a registered agent in the state;
(5) the corporation has failed for 30 days after change of its registered office or registered agent to file in the office of the commissioner a statement of the change;
(6) the corporation has failed, within the time required by this chapter, to revoke or complete a plan of voluntary dissolution; or
(7) the corporation is 90 days delinquent in filing a notice of change of an officer or director as required by this chapter.