Section 10.55.201. Merger authorized.

   (a) Except as otherwise provided in AS 10.55.201 - 10.55.206, by complying with AS 10.55.201 - 10.55.206,
        (1) one or more domestic entities may merge with one or more domestic or foreign entities into a domestic or foreign surviving entity; and
        (2) two or more foreign entities may merge into a domestic entity.
   (b) Except as otherwise provided in this section, by complying with the provisions of AS 10.55.201 - 10.55.206 applicable to foreign entities, a foreign entity may be a party to a merger under AS 10.55.201 - 10.55.206 or may be the surviving entity in a merger if the merger is authorized by the law of the foreign entity's jurisdiction of organization.
   (c) The provisions of AS 10.55.201 - 10.55.206 do not apply to
        (1) a merger or consolidation under
             (A) AS 10.06.530 - 10.06.562 or 10.06.960 (Alaska Corporations Code); or
             (B) AS 10.50.500 - 10.50.565 (Alaska Revised Limited Liability Company Act); or
        (2) a merger under
             (A) AS 10.20.216 - 10.20.280 (Alaska Nonprofit Corporation Act); or
             (B) AS 32.06.905 - 32.06.907 (Uniform Partnership Act).

Authorities

10.06.595;10.55.201;10.55.202;10.55.205

Notes

References

AS 10.06.595 Application of provisions.
AS 10.55.201 Merger authorized.
AS 10.55.202 Plan of merger.
AS 10.55.205 Statement of merger; effective date.

History

(Sec. 10 ch 60 SLA 2013)