Alaska § 10.06.605 - Voluntary dissolution by vote or written consent of shares, or by approval of the board.
Full text of Alaska Alaska Statutes § 10.06.605 — Voluntary dissolution by vote or written consent of shares, or by approval of the board., with citation guidance and answers to common questions.
§ 10.06.605. Voluntary dissolution by vote or written consent of shares, or by approval of the board.
(a) A corporation may elect voluntarily to wind up and dissolve by (1) the vote of shareholders taken at a special or annual meeting with notice under AS 10.06.410 to each shareholder entitled to vote at the meeting and stating that the purpose, or one of the purposes, of the meeting is to consider approval of voluntary dissolution of the corporation; at the meeting the election to voluntarily dissolve is adopted upon receiving the affirmative votes of two-thirds or more of the shares of the corporation entitled to vote, unless any class of shares is entitled to vote as a class, in which case the election is adopted upon receiving the affirmative vote of two-thirds or more of the shares of each class entitled to vote as a class and of two-thirds or more of the shares entitled to vote; or
(2) written consent of the shares taken without a meeting under AS 10.06.423 .
(b) A corporation may elect by approval of the board to wind up and dissolve if the corporation has (1) been adjudicated bankrupt;
(2) disposed of all of its assets and has not conducted any business for a period of five years immediately preceding the adoption of the resolution to dissolve the corporation; or
(3) issued no shares.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 10.06.605
What does Alaska Statutes § 10.06.605 cover?
Section 10.06.605 ("Voluntary dissolution by vote or written consent of shares, or by approval of the board.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 10.06.605?
A common citation format is "Alaska Statutes § 10.06.605" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 10.06.605 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.