Alaska § 10.06.665 - Distribution of corporate assets among shareholders or other persons; when to be made.
Full text of Alaska Alaska Statutes § 10.06.665 — Distribution of corporate assets among shareholders or other persons; when to be made., with citation guidance and answers to common questions.
§ 10.06.665. Distribution of corporate assets among shareholders or other persons; when to be made.
After determining that all of the known debts and liabilities of a corporation in the process of winding up have been paid or adequately provided for, the board shall distribute all the remaining corporate assets among the shareholders according to their respective rights and preferences or, if there are no shareholders, to the persons entitled to the assets. If the winding up is by court proceeding or subject to court supervision, the distribution may not be made until after the expiration of any period for the presentation of claims that has been prescribed by order of the court.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 10.06.665
What does Alaska Statutes § 10.06.665 cover?
Section 10.06.665 ("Distribution of corporate assets among shareholders or other persons; when to be made.") 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 § 10.06.665?
A common citation format is "Alaska Statutes § 10.06.665" (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 § 10.06.665 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.