Section 10.55.202. Plan of merger.

   (a) A domestic entity may become a party to a merger under AS 10.55.201 - 10.55.206 by approving a plan of merger. The plan must be in a record and contain
        (1) as to each merging entity, the merging entity's name, jurisdiction of organization, and type;
        (2) if the surviving entity is to be created in the merger, a statement to that effect and the surviving entity's name, jurisdiction of organization, and type;
        (3) the manner of converting the interests in each party to the merger into 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;
        (4) if the surviving entity exists before the merger, any proposed amendments to the surviving entity's public organic document or private organic rules that are, or are proposed to be, in a record;
        (5) if the surviving entity is to be created in the merger, the surviving entity's proposed public organic document, if any, and the full text of the surviving entity's private organic rules that are proposed to be in a record;
        (6) the other terms and conditions of the merger; and
        (7) any other provision required by the law of a merging entity's jurisdiction of organization or the organic rules of a merging entity.
   (b) A plan of merger may contain any other provision not prohibited by law.

Notes

History

(Sec. 10 ch 60 SLA 2013)