Alaska § 10.20.365 - Action by creditor for liquidation.
Full text of Alaska Alaska Statutes § 10.20.365 — Action by creditor for liquidation., with citation guidance and answers to common questions.
§ 10.20.365. Action by creditor for liquidation.
(a) In an action by a creditor, the superior court may liquidate the assets and business of a corporation when (1) the claim of the creditor has been reduced to judgment and an execution on the judgment has been returned unsatisfied and it is established that the corporation is insolvent; or
(2) the corporation has admitted in writing that the claim of the creditor is due and owing and it is established that the corporation is insolvent.
(b) In this section “insolvent” means inability of a corporation to pay its debts as they become due in the usual course of its business.
Frequently Asked Questions About Alaska § 10.20.365
What does Alaska Statutes § 10.20.365 cover?
Section 10.20.365 ("Action by creditor for liquidation.") 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 § 10.20.365?
A common citation format is "Alaska Statutes § 10.20.365" (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 § 10.20.365 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.