(a) A plan of exchange approved by a resolution of the board of each corporation shall be proposed setting out
(1) the name of the corporation the shares of which are proposed to be acquired by exchange and the name of the acquiring corporation;
(2) the terms and conditions of the proposed exchange;
(3) the manner and basis of exchanging the shares to be acquired for shares, obligations, or other securities of the acquiring corporation or another corporation, or, in whole or in part, for cash or other property;
(4) other provisions of the proposed exchange considered necessary or desirable.
(b) The procedure authorized by this section does not limit the power of a corporation to acquire all or part of the shares of any class or classes of a corporation through voluntary exchange or otherwise by agreement with the shareholders.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 06. Alaska Corporations Code
Sec. 10.06.532. Procedure for merger.
Sec. 10.06.534. Consolidation.
Sec. 10.06.536. Procedure for consolidation.
Sec. 10.06.538. Share exchange.
Sec. 10.06.540. Procedure for share exchange.
Sec. 10.06.542. Disparate treatment of shares of the same class or series prohibited; exceptions.
Sec. 10.06.544. Notice to and approval by shareholders.
Sec. 10.06.546. Manner of approval by shareholders.
Sec. 10.06.548. Abandonment of plan of merger, consolidation, or exchange.
Sec. 10.06.550. Execution and contents of articles of merger, consolidation, or exchange.
Sec. 10.06.552. Filing of articles of merger, consolidation, or exchange.
Sec. 10.06.554. Merger of subsidiary corporation.
Sec. 10.06.556. Procedure for merger of subsidiary corporation.
Sec. 10.06.558. Filing of articles of merger of subsidiary corporation.
Sec. 10.06.560. Effective date and effect of merger, consolidation, or exchange.
Sec. 10.06.564. Disclosure of alien affiliates.
Sec. 10.06.566. Disposition of assets in regular course of business; mortgage or pledge of assets.
Sec. 10.06.568. Disposition of assets not in regular course of business.
Sec. 10.06.570. Approval of transaction by shareholders.
Sec. 10.06.572. Abandonment of transaction by board.
Sec. 10.06.574. Right of shareholders to dissent.
Sec. 10.06.578. Offer and payment to dissenting shareholders; circumstances where prohibited.
Sec. 10.06.580. Action to determine value of shares.
Sec. 10.06.582. Status of shares acquired from dissenting shareholders.