Martinez v. Cape Fox Corp.

OPINION

FABE, Justice.

I. INTRODUCTION

This appeal challenges a superior court order imposing a permanent bar from reelection on a former corporate director who was found to have engaged in misconduct. The barred director argues principally that the superior court was not authorized under AS 10.06.463 to bar him from reelection because he was no longer a director at the time of the judgment and that the court’s findings were inadequate to support a lifetime ban. He also argues that he is entitled to partial indemnification of his defense expenses. We conclude that the superior court had the…