00HOUSE BILL NO. 101                                                                                                    
01 "An Act relating to the reinstatement of corporations that are public utilities; and                                    
02 providing for an effective date."                                                                                       
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
04    * Section 1.  Reinstatement of public utility corporations.  Notwithstanding                                     
05 AS 10.06.633(e), a corporation that is a public utility, that has been involuntarily dissolved                          
06 by the commissioner under AS 10.06.633, and that has failed to apply for reinstatement during                           
07 the period established under AS 10.06.633(e) may be reinstated under AS 10.06.633(e) on or                              
08 before December 31, 1999.  A reinstatement authorized under this section is retroactive to the                          
09 date of the involuntary dissolution, and the reinstated corporation and its shareholders have                           
10 all of the rights, privileges, liabilities, and obligations that would have applied to them if the                      
11 corporation had not been dissolved.  If a corporation elects to seek reinstatement under this                           
12 section and if the corporation's previously used corporate name is no longer available for use                          
13 by the corporation, then, notwithstanding AS 10.06.502 - 10.06.510, an amendment to the                                 
14 articles of incorporation changing the previously used corporate name may be adopted by                                 

01 action of the corporation's board of directors alone.  In this section, "public utility" has the                        
02 meaning given in AS 42.05.990.                                                                                          
03    * Sec. 2.  This Act takes effect immediately under AS 01.10.070(c).