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AS 10.50.410

Authority to wind up

Known as the Alaska Revised Limited Liability Company Act

The act spans §§ 10–10 (147 sections).

Unless otherwise provided in an operating agreement, the affairs of a limited liability company may be wound up by the (1) members or managers who have authority under AS 10.50.110 to manage the company before dissolution; or

(2) superior court on the application of a member of the company or the member's legal representative or assignee if (A) a member or manager identified in (1) of this subsection has engaged in wrongful conduct; or

(B) other cause is shown.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.