Alaska Stat. § 10.55.301
This is the official text of Alaska Stat. § 10.55.301, part of Alaska’s Stat — part of the compiled statutory law of Alaska, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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Interest exchange authorized.
Official statutory text
(a) Except as otherwise provided in this section, by complying with AS 10.55.301 10.55.306, (1) a domestic entity may acquire all of one or more classes or series of interests of another domestic or foreign entity in exchange for interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of interests, securities, obligations, rights to acquire interests or securities, cash, or other property; or
(2) all of one or more classes or series of interests of a domestic entity may be acquired by another domestic or foreign entity in exchange for interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of interests, securities, obligations, rights to acquire interests or securities, cash, or other property.
(b) Except as otherwise provided in this section, by complying with the provisions of AS 10.55.301 10.55.306 applicable to foreign entities, a foreign entity may be the acquiring or acquired entity in an interest exchange under AS 10.55.301 10.55.306 if the interest exchange is authorized by the law of the foreign entity's jurisdiction of organization.
(c) Unless the provision is amended after July 1, 2014, if a protected agreement contains a provision that applies to a merger of a domestic entity but does not refer to an interest exchange, the provision applies to an interest exchange in which the domestic entity is the acquired entity as if the interest exchange were a merger.
(d) The provisions of AS 10.55.301 10.55.306 do not apply to a share exchange under AS 10.06.530 10.06.582 or 10.06.960. In this subsection, share exchange means a share exchange authorized by AS 10.06.538 or an exchange regulated by AS 10.06.960 .
(2) all of one or more classes or series of interests of a domestic entity may be acquired by another domestic or foreign entity in exchange for interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of interests, securities, obligations, rights to acquire interests or securities, cash, or other property.
(b) Except as otherwise provided in this section, by complying with the provisions of AS 10.55.301 10.55.306 applicable to foreign entities, a foreign entity may be the acquiring or acquired entity in an interest exchange under AS 10.55.301 10.55.306 if the interest exchange is authorized by the law of the foreign entity's jurisdiction of organization.
(c) Unless the provision is amended after July 1, 2014, if a protected agreement contains a provision that applies to a merger of a domestic entity but does not refer to an interest exchange, the provision applies to an interest exchange in which the domestic entity is the acquired entity as if the interest exchange were a merger.
(d) The provisions of AS 10.55.301 10.55.306 do not apply to a share exchange under AS 10.06.530 10.06.582 or 10.06.960. In this subsection, share exchange means a share exchange authorized by AS 10.06.538 or an exchange regulated by AS 10.06.960 .
Status: in_force · Read it on the official government site
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