(a) One or more cooperatives may merge or consolidate with or into one or more of the following classes of business organizations:

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Terms Used In Alaska Statutes 10.15.440

  • cooperative: means a cooperative corporation subject to the provisions of this chapter. See Alaska Statutes 10.15.595
  • 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.
  • corporation: means a corporation that is not a cooperative. See Alaska Statutes 10.15.595
  • foreign cooperative: means a cooperative corporation organized under laws other than the laws of this state. See Alaska Statutes 10.15.595
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(1) a domestic corporation if the domestic corporation complies with Alaska Stat. Chapter 10.06 (Alaska Corporations Code) relating to merger or consolidation;
(2) a foreign cooperative if the merger or consolidation is permitted by the laws of the state under which the foreign cooperative is organized and the foreign cooperative complies with the applicable provisions of those laws;
(3) a foreign business corporation if the merger or consolidation is permitted by the laws of the state under which the foreign corporation is organized and the foreign corporation complies with the applicable provisions of those laws.
(b) Each cooperative merging or consolidating under this section shall comply with the provisions of this chapter relating to merger or consolidation.
(c) If the surviving or new business corporation or cooperative, as the case may be, is governed by the laws of another state, it shall comply with the provisions of the Alaska Stat. Chapter 10.06 (Alaska Corporations Code) with respect to foreign corporations if it is to transact business in this state.