Alaska Entity Transactions Act

Alaska · Corporations and Associations · §§ 10.55.103 to 10.55.902 · 50 sections

Overview

The act provides a general framework for transactions that restructure legal entities, allowing an entity to combine with, exchange interests with, or change its form or governing jurisdiction rather than dissolving and re-forming. It authorizes four such transactions — merger, interest exchange, conversion, and domestication — and prescribes a common procedure for each: a written plan, approval by the required parties, an opportunity to amend or abandon the plan, and a statement filed with the state filing office that fixes the effective date and the legal effect of the completed transaction. Alongside these mechanisms it addresses how the act interacts with other law, which entities and transactions fall outside its scope, dissenters' rights, and the mechanics of filing, including document requirements, fees, corrections, and appeal from a refusal to file.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

AS 10.55.103Relationship of this chapter to other laws
AS 10.55.104Required notice or approval
AS 10.55.105Status of filings
AS 10.55.106Nonexclusivity
AS 10.55.107Reference to external facts
AS 10.55.108Alternative means of approval of transactions
AS 10.55.109Dissenters' rights
AS 10.55.110Excluded entities and transactions
AS 10.55.120Names
AS 10.55.201Merger authorized
AS 10.55.202Plan of merger
AS 10.55.203Approval of merger
AS 10.55.204Amendment or abandonment of plan of merger
AS 10.55.205Statement of merger; effective date
AS 10.55.206Effect of merger
AS 10.55.301Interest exchange authorized
AS 10.55.302Plan of interest exchange
AS 10.55.303Approval of interest exchange
AS 10.55.304Amendment or abandonment of plan of interest exchange
AS 10.55.305Statement of interest exchange; effective date
AS 10.55.306Effect of interest exchange
AS 10.55.401Conversion authorized
AS 10.55.402Plan of conversion
AS 10.55.403Approval of conversion
AS 10.55.404Amendment or abandonment of plan of conversion
AS 10.55.405Statement of conversion; effective date
AS 10.55.406Effect of conversion
AS 10.55.501Domestication authorized
AS 10.55.502Plan of domestication
AS 10.55.503Approval of domestication
AS 10.55.504Amendment or abandonment of plan of domestication
AS 10.55.505Statement of domestication; effective date
AS 10.55.506Effect of domestication
AS 10.55.601Requirements for documents
AS 10.55.602Forms
AS 10.55.603Filing, service, and copying fees
AS 10.55.604Effective time and date of document
AS 10.55.605Correcting filed document
AS 10.55.606Filing duty of department
AS 10.55.607Appeal from refusal to file a document
AS 10.55.608Evidentiary effect of copy of filed document
AS 10.55.609Penalty for signing false document
AS 10.55.610Interrogatories by department; judicial review
AS 10.55.615Confidentiality of information disclosed by interrogatories
AS 10.55.620Failure or refusal to answer interrogatories
AS 10.55.625Powers of department
AS 10.55.701Consistency of application
AS 10.55.702Relation to Electronic Signatures in Global and National Commerce Act
AS 10.55.901Definitions
AS 10.55.902Short title

Enacted in other states

District of Columbia

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