reglab/housing_qa huggingface dataset:
AK Stat § 10.50.260 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 7. Relationship to Third Parties.|Sec. 10.50.260. Limited liability company charged with knowledge of or notice to member or manager.

(a) Except as provided in (b) and (c) of this section, and except for a fraud on the company committed by or with the consent of the member who has the knowledge or receives the notice, the following operate as notice to or knowledge of a limited liability company: (1) notice given to a company member of a matter relating to the affairs of the company; (2) the knowledge of a company member acting in the particular matter, whether acquired while a member or known at the time of becoming a member; and (3) the knowledge of a company member who reasonably could and should have communicated the knowledge to a member acting in the particular matter. (b) If the company is managed by a manager, the following operate as notice to or knowledge of a limited liability company, except for a fraud on the company committed by or with the consent of the manager who has the knowledge or receives the notice: (1) notice given to a manager of a matter relating to the affairs of the limited liability company; (2) the knowledge of the manager acting in the particular matter, acquired while a manager or known at the time of becoming a manager; and (3) the knowledge of a company manager who reasonably could and should have communicated the knowledge to the manager acting in the particular matter. (c) If the company is managed by a manager, notice to, or the knowledge of, a member of a limited liability company while the member is acting solely in the capacity of a member does not operate as notice to or knowledge of the company.
AK Stat § 10.50.265 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 7. Relationship to Third Parties.|Sec. 10.50.265. Liability of members to third parties.

A person who is a member of a limited liability company or a foreign limited liability company is not liable, solely by reason of being a member, under a judgment, decree, or order of a court, or in another manner, for a liability of the company to a third party, whether the liability arises in contract, tort, or another form, or for the acts or omissions of another member, manager, agent, or employee of the company to a third party.
AK Stat § 10.50.275 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 8. Contributions.|Sec. 10.50.275. Consideration for company interests.

An interest in a limited liability company may be issued for property or services rendered. A member who has contributed property or services rendered may also contribute a promissory note or other obligation to contribute property or services.
AK Stat § 10.50.280 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 8. Contributions.|Sec. 10.50.280. Liability for contributions.

(a) Notwithstanding AS 09.25.010 - 09.25.020, a promise by a member of a limited liability company to contribute property or services to the company is not enforceable unless the promise is stated in a writing signed by the member. (b) Unless otherwise provided in an operating agreement of the company, a member of a limited liability company is liable for performing an enforceable promise made to the company to contribute property or services, even if the member is unable to perform because of death, disability, or another reason. (c) If a member of a limited liability company does not make the member's required contribution of property or services, the member shall, at the option of the company, contribute cash equal to that portion of value of the required contribution that has not been made. (d) Unless otherwise provided in an operating agreement of the company, an assignor of a limited liability company interest is not released from the assignor's liability to the company under this section, even if the assignee becomes a member with respect to the assigned interest.
AK Stat § 10.50.285 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 8. Contributions.|Sec. 10.50.285. Compromise of contribution obligation.

Unless otherwise provided in an operating agreement of the company, the obligation of a member to make a contribution to a limited liability company may not be compromised, unless all of the other members consent to the compromise.
AK Stat § 10.50.290 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 9. Distributions.|Sec. 10.50.290. Repayment of contribution and sharing of profits and other assets.

Subject to AS 10.50.305 - 10.50.320, and unless otherwise provided in an operating agreement of the company, a member of a limited liability company shall be repaid the member's contribution to capital and shares equally in the profits and other assets of the company remaining after all liabilities, including liabilities to members, are satisfied.
AK Stat § 10.50.295 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 9. Distributions.|Sec. 10.50.295. Interim distributions under operating agreement.

Subject to AS 10.50.305 - 10.50.320, if a limited liability company makes an interim distribution of its assets to its members, the company shall make the distribution to the members in the manner provided in an operating agreement of the company. The operating agreement of the company may authorize different interim distributions for different classes of members.
AK Stat § 10.50.300 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 9. Distributions.|Sec. 10.50.300. Interim distributions without operating agreement.

Subject to AS 10.50.305 - 10.50.320, if an operating agreement of the company does not provide for the interim distribution of the assets of the company, when a limited liability company makes an interim distribution of its assets, the interim distributions to each member of the company shall be equal.
AK Stat § 10.50.305 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 9. Distributions.|Sec. 10.50.305. Restrictions on distributions.

(a) A distribution may not be made by a limited liability company if, after giving effect to the distribution, (1) the company would not be able to pay its debts as they become due in the usual course of conducting its affairs; or (2) the limited liability company's assets would be less than the sum of its liabilities plus, unless otherwise provided in an operating agreement, the amount that would be needed, if the limited liability company were to be dissolved at the time of the distribution, to satisfy the preferential rights of other members upon dissolution that are superior to the rights of the member receiving the distribution. (b) A limited liability company may base a determination that a distribution is not prohibited under (a) of this section on (1) financial statements prepared on the basis of accounting practices and principles that are reasonable under the circumstances; or (2) a fair valuation or other method that is reasonable under the circumstances. (c) Except as provided in (e) of this section, the effect of a distribution in accordance with (a) of this section is measured as of the date (1) the distribution is authorized if the payment occurs within 120 days after the date of authorization; or (2) payment is made if the payment occurs more than 120 days after the date of authorization. (d) If the terms of an indebtedness provide that payment of principal and interest is to be made only if and to the extent that payment of a distribution to members could then be made under this section, indebtedness of a limited liability company, including indebtedness issued as a distribution, is not a liability for purposes of determinations made under (b) of this section. (e) If indebtedness is issued as a distribution, each payment of principal or interest on the indebtedness is treated as a distribution, and the effect of the distribution is measured on the date the payment is actually made.
AK Stat § 10.50.315 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 9. Distributions.|Sec. 10.50.315. Additional restrictions in articles or agreement.

Nothing in this chapter prohibits additional restrictions upon the purchase or redemption of a company's own limited liability company interests by provision in the articles of organization or operating agreement of the limited liability company or in another agreement entered into by the company.
AK Stat § 10.50.320 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 9. Distributions.|Sec. 10.50.320. Liability of members receiving prohibited distributions; suit against members.

(a) A member of a limited liability company who receives a distribution prohibited by this chapter with knowledge of facts indicating the impropriety of the distribution is liable to the company for the benefit of all of the creditors or members entitled to institute an action under (b) of this section for the amount received by the member with interest at the legal rate on judgments until paid. The liability of the member under this subsection may not exceed the liabilities of the company owed to nonconsenting creditors at the time of the violation and the injury suffered by nonconsenting members. (b) Suit may be brought in the name of the company to enforce the liability to (1) creditors arising under (a) of this section for a violation of AS 10.50.305 against any or all members liable by any one or more creditors of the company whose debts or claims arose before the time of the distribution to members and who have not consented to the distribution, whether or not they have reduced their claims to judgment; or (2) members arising under (a) of this section for a violation of AS 10.50.305 against any or all members liable by any one or more members holding preferred limited liability company interests outstanding at the time of the distribution who have not consented to the distribution, without regard to the provisions of AS 10.50.735. (c) A member sued under this section may compel contribution from all other members liable under this section. (d) This section does not affect the liability that a member may have under other applicable law.
AK Stat § 10.50.330 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 9. Distributions.|Sec. 10.50.330. Time for interim distributions.

A member of a limited liability company is entitled to receive interim distributions under AS 10.50.295 - 10.50.300 at the times or upon the happening of the events specified in an operating agreement of the company, or at the times determined by the members or managers under AS 10.50.150.
AK Stat § 10.50.340 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 9. Distributions.|Sec. 10.50.340. Distribution in kind.

(a) Unless otherwise provided in an operating agreement of the company, a member, regardless of the nature of the member's contribution, may not demand and receive a distribution from a limited liability company in a form other than cash. (b) Unless otherwise provided in an operating agreement of the company, a limited liability company may not compel a member of the company to accept from the company a distribution of a company asset in a form other than cash to the extent that the percentage of the asset distributed to the member exceeds the percentage that the member would have shared in a cash distribution equal to the value of the asset at the time of distribution.
AK Stat § 10.50.345 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 9. Distributions.|Sec. 10.50.345. Right to distribution.

When a member of a limited liability company is entitled to receive a distribution from the company, the member is a creditor of the company with respect to the distribution, and is entitled to all remedies available to a creditor of the company.
AK Stat § 10.50.348 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 9. Distributions.|Sec. 10.50.348. Inapplicability to winding up and dissolution.

AS 10.50.290 - 10.50.340 do not apply in a proceeding for winding up and dissolution of a limited liability company.
AK Stat § 10.50.350 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 10. Ownership and Transfer of Property; Creditors.|Sec. 10.50.350. Ownership of company property.

(a) Property transferred to or otherwise acquired by a limited liability company is the property of the company and is not the property of the members individually. (b) A limited liability company shall acquire, hold, and convey property, including real property, in the name of the company. If a limited liability company acquires an interest in property, the company holds the title to the interest and not the members individually.
AK Stat § 10.50.355 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 10. Ownership and Transfer of Property; Creditors.|Sec. 10.50.355. Transfer of property.

(a) Except as provided in (b) of this section, a limited liability company may transfer the property of the company if the company uses an instrument of transfer signed by a member of the company in the name of the company. (b) If the company is managed by a manager, (1) title to limited liability company property may be transferred by an instrument of transfer signed by a manager of the company in the name of the company; and (2) a member, solely by reason of being a member, does not have the authority to transfer the property of the company.
AK Stat § 10.50.360 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 10. Ownership and Transfer of Property; Creditors.|Sec. 10.50.360. Recovery of property.

A limited liability company may recover property transferred under AS 10.50.355 if the company proves that the execution of the instrument of transfer did not bind the company under AS 10.50.250, unless the property has been transferred by the initial transferee, or by a person claiming through the initial transferee, to a subsequent transferee who gives value without having notice that the person who signed the instrument of initial transfer lacked authority to bind the company.
AK Stat § 10.50.370 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 10. Ownership and Transfer of Property; Creditors.|Sec. 10.50.370. Nature of interest in company.

A limited liability company interest is personal property.
AK Stat § 10.50.375 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 10. Ownership and Transfer of Property; Creditors.|Sec. 10.50.375. Assignment of interest in company.

(a) A person may assign a limited liability company interest in whole or in part. (b) The assignment of a limited liability company interest entitles the assignee to receive, to the extent assigned, only the distributions to which the assignor is entitled. (c) The assignment of a limited liability company interest does not dissolve the company or entitle the assignee to participate in the management and affairs of the company, to become a member, or to exercise the rights of a member. Unless the assignee of the interest becomes a member with respect to the interest, the assignor continues to be a member and may exercise the rights of a member, subject to the members' right to remove the assignor under AS 10.50.205. (d) Unless the assignee becomes a member, an assignee of a limited liability company interest is not liable as a member solely as a result of the assignment. (e) The assignor of a limited liability company interest is not released, solely as a result of the assignment, from the assignor's liability as a member. (f) An operating agreement may establish terms different from those in (a) - (e) of this section. (g) Unless otherwise provided in an operating agreement of the company, the pledge of, or granting of a security interest, lien, or other encumbrance in or against, a part or all of a member's limited liability company interest is not an assignment under this section and does not terminate the membership or the rights and powers of the member.
AK Stat § 10.50.380 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 10. Ownership and Transfer of Property; Creditors.|Sec. 10.50.380. Rights of judgment creditors.

(a) If a judgment creditor of a limited liability company member applies to a court of competent jurisdiction, the court may charge the member's limited liability company interest for payment of the unsatisfied amount of the judgment. (b) To the extent a limited liability company interest is charged under (a) of this section, the judgment creditor has only the rights of an assignee of the member's interest. (c) This section provides the exclusive remedy that a judgment creditor of a member or a member's assignee may use to satisfy a judgment out of the judgment debtor's interest in the limited liability company. Other legal or equitable remedies, including foreclosure on the member's limited liability company interest and a court order for directions, accounts, and inquiries that the debtor member might have made, are not available to the judgment creditor attempting to satisfy a judgment out of the judgment debtor's interest in the limited liability company and may not be ordered by a court. (d) This section does not deprive a member of the benefit of an exemption applicable to the member's membership interest. (e) This section applies to limited liability companies with only one member as well as to limited liability companies with more than one member.
AK Stat § 10.50.385 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 10. Ownership and Transfer of Property; Creditors.|Sec. 10.50.385. Rights of estate or legal representative of deceased or incompetent member.

If a member who is an individual dies or if a court of competent jurisdiction determines the member to be incompetent to manage the member's person or property, the member's executor, administrator, guardian, conservator, or other legal representative has the rights of an assignee of the member's interest, if the member's interest has not been terminated.
AK Stat § 10.50.390 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 10. Ownership and Transfer of Property; Creditors.|Sec. 10.50.390. Rights of dissolved or terminated entity.

If a member who is not an individual terminates or is dissolved, the member's legal representative or successor has the rights of an assignee of the member's interest.
AK Stat § 10.50.400 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 11. Dissolution.|Sec. 10.50.400. Dissolution.

A limited liability company is dissolved and its affairs shall be wound up when the first of the following occurs: (1) at the time or on the happening of events specified for dissolution in an operating agreement of the company; (2) all of the members of the company consent in writing; or (3) the superior court enters a decree for judicial dissolution of the company under AS 10.50.405.
AK Stat § 10.50.405 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 11. Dissolution.|Sec. 10.50.405. Dissolution by court.

On application by or for a member of a limited liability company, the superior court may order the company dissolved if the court determines that it is impossible for the company to carry on the purposes of the company.
AK Stat § 10.50.410 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 11. Dissolution.|Sec. 10.50.410. Authority to wind up.

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.
AK Stat § 10.50.415 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 11. Dissolution.|Sec. 10.50.415. Acts of winding up.

Unless otherwise provided in an operating agreement of the company, a person winding up the affairs of a limited liability company may, in the name of, and for and on behalf of, the company, (1) prosecute and defend court actions; (2) settle and close the affairs of the company; (3) dispose of and transfer the property of the company; (4) discharge the liabilities of the company; and (5) distribute to the members the assets of the company.
AK Stat § 10.50.420 (2021)
2021 Alaska Statutes|Title 10. Corporations and Associations|Chapter 50. Alaska Revised Limited Liability Company Act|Article 11. Dissolution.|Sec. 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.