Alaska Statutes 10.06.538 – Share exchange
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Terms Used In Alaska Statutes 10.06.538
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- foreign corporation: means a corporation for profit organized under laws other than the laws of Alaska for a purpose for which a corporation may be organized under this chapter. See Alaska Statutes 10.06.990
- shares: means the units into which the proprietary interests in a corporation are divided. See Alaska Statutes 10.06.990
All of the issued or outstanding shares of one or more classes of a domestic corporation may be acquired through the exchange of all of the issued or outstanding shares of the class or classes by another domestic or foreign corporation under a plan of exchange approved in the manner provided in Alaska Stat. § 10.06.530 – 10.06.582.