Alaska § 10.50.420 - Agency power of manager or member after dissolution.
Full text of Alaska Alaska Statutes § 10.50.420 — Agency power of manager or member after dissolution., with citation guidance and answers to common questions.
§ 10.50.420. Agency power of manager or member after dissolution.
(a) Except as provided in (b) — (d) of this section, after dissolution of a limited liability company, a member having authority to wind up the company's affairs can bind the company by an act that (1) is appropriate for winding up the company's affairs or completing transactions unfinished at dissolution; or
(2) would have bound the company if the company had not been dissolved, if the other party to the transaction does not have notice of the dissolution; in this paragraph, filing the articles of dissolution is presumed to constitute notice of the dissolution.
(b) A member's act that is not binding on the limited liability company under (a) of this section binds the company if the act is otherwise authorized by the company.
(c) A member's act that violates a restriction on the member's authority does not bind the member's limited liability company with regard to a person who knows about the restriction, even if the member's act would otherwise be binding under (a) of this section or is otherwise authorized.
(d) If the company is managed by a manager, a member does not have the authority to bind the company if the member is acting solely in the capacity of a member, and a manager of the company can bind the company by an act that (1) is appropriate for winding up the company's affairs or completing transactions unfinished at dissolution; or
(2) would have bound the company if the company had not been dissolved if the other party to the transaction does not have notice of the dissolution; in this paragraph, filing the articles of dissolution is presumed to constitute notice of the dissolution.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 10.50.420
What does Alaska Statutes § 10.50.420 cover?
Section 10.50.420 ("Agency power of manager or member after dissolution.") 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 § 10.50.420?
A common citation format is "Alaska Statutes § 10.50.420" (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 § 10.50.420 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.