Section 10.55.401. Conversion authorized.

   (a) Except as otherwise provided in this section, by complying with AS 10.55.401 - 10.55.406, a domestic entity may become
        (1) a domestic entity of a different type; or
        (2) a foreign entity of a different type, if the conversion is authorized by the law of the foreign jurisdiction.
   (b) Except as otherwise provided in this section, by complying with the provisions of AS 10.55.401 - 10.55.406 applicable to foreign entities, a foreign entity may become a domestic entity of a different type if the conversion 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 a conversion, the provision applies to a conversion of the entity as if the conversion were a merger.

Authorities

10.55.401;10.55.402;10.55.405;10.55.901

Notes

References

AS 10.55.401 Conversion authorized.
AS 10.55.402 Plan of conversion.
AS 10.55.405 Statement of conversion; effective date.
AS 10.55.901 Definitions.

History

(Sec. 10 ch 60 SLA 2013)