Alaska Statutes.
Title 10. Corporations and Associations
Chapter 25. Electric and Telephone Cooperative Act
Section 310. Dissolution of Cooperative That Has Not Commenced Business.
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AS 10.25.310. Dissolution of Cooperative That Has Not Commenced Business.

A cooperative that has not commenced business may be dissolved by delivering articles of dissolution to the commissioner. A majority of the incorporators shall execute and acknowledge articles of dissolution on behalf of the cooperative. The articles must state

(1) the name of the cooperative;

(2) the address of its principal office;

(3) that the cooperative has not commenced business;

(4) that sums received by the cooperative, less that part disbursed for expenses of the cooperative, have been returned or paid to those entitled to them;

(5) that no debt of the cooperative is unpaid;

(6) that a majority of the incorporators elect to dissolve the cooperative.

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