Opinion ID: 2359851
Heading Depth: 1
Heading Rank: 20

Heading: Count V Appointment of Interim Director

Text: Alaska Statute 10.06.663 provides that if the right of a director to hold office is in doubt, . . . an interested person may petition the superior court to determine the identity of the director, or if there are no directors, to appoint directors to wind up the affairs of the corporation. . . . Based on the clear language of AS 10.06.663, this court may appoint directors only if the pre-condition that there are no directors is met, and this court's authority to appoint directors is only to wind up the corporation. Absent the existence of those circumstances, this court may upon petition identify the directors. Alaska Statute 10.06.418(b) provides that [a] proxy is not valid after the expiration of 11 months from the date of the proxy. . . . The 2002, 2003, and 2005 proxies introduced into evidence have the language that the proxy must be tendered 60 days before the annual meeting. A reasonable construction of the language is that they must bear a date no more than 60 days before the annual meeting and the proxies are valid if the annual meeting is continued for a lack of quorum, as long as the continuation does not exceed a period of 11 months from the date of the proxy. Every proxy used in the 2005 election was used within 11 months and was valid. The facts show that the current Board of Directors of Leisnoi comprises Frankie Grant, Carole Pagano, Frank Pagano, Kane Wolf, and Shannon Johnson.[ [10] ] They were properly elected or appointed to the Board.