Upon approval by the board of each corporation of a plan of merger, consolidation, or exchange, each board shall, by resolution, direct that the plan be submitted for approval, at either an annual or special meeting, by the outstanding shares of each corporation. Written notice shall be given to each shareholder of record, whether or not the share or shares of the shareholder have voting rights under the articles of the corporation, not less than 20 days before the meeting, in the manner provided in this chapter for the giving of notice of meetings of shareholders. Whether the meeting is an annual or special meeting, the notice shall state that the purpose or one of the purposes of the meeting is to consider the proposed plan of merger, consolidation, or exchange. A copy or summary of the plan of merger, consolidation, or exchange, as well as a copy of AS 10.06.574 and 10.06.576, concerning the rights of a dissenting shareholder, shall be included with the notice.
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.