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Sec. 10.55.103. Relationship of this chapter to other laws.

(a) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter. (b) Except as expressly provided in this chapter, this chapter does not authorize an act prohibited by, and does not affect the application or requirements of, law other than this chapter. (c) A transaction accomplished under this […]

Sec. 10.55.104. Required notice or approval.

(a) A domestic or foreign entity that is required to give notice to, or obtain the approval of, a governmental agency or officer in order to be a party to a merger shall give the notice or obtain the approval in order to be a party to an interest exchange, conversion, or domestication. (b) Property […]

Sec. 10.55.106. Nonexclusivity.

The fact that a transaction under this chapter produces a certain result does not preclude the same result from being accomplished in any other manner permitted by law other than this chapter.

Sec. 10.55.107. Reference to external facts.

A plan may refer to facts ascertainable outside of the plan if the manner in which the facts will operate on the plan is specified in the plan. The facts may include the occurrence of an event or a determination or action by a person, whether or not the event, determination, or action is within […]

Sec. 10.55.108. Alternative means of approval of transactions.

Except as otherwise provided in the organic law or organic rules of a domestic entity, approval of a transaction under this chapter by the unanimous vote or consent of its interest holders satisfies the requirements of this chapter for approval of the transaction.

Sec. 10.55.109. Dissenters’ rights.

(a) An interest holder of a domestic merging, acquired, converting, or domesticating entity is entitled to dissenters’ rights in connection with the transaction if the interest holder would have been entitled to dissenters’ rights under the entity’s organic law in connection with a merger in which the interest of the interest holder was changed, converted, […]

Sec. 10.55.110. Excluded entities and transactions.

The following entities may not participate in a transaction under this chapter: (1) a financial institution; in this paragraph, “financial institution” has the meaning given in AS 06.01.050; (2) an insurer regulated by AS 21, including a fraternal benefit society regulated under AS 21.84; (3) a business and industrial development corporation under AS 10.10; (4) […]

Sec. 10.55.120. Names.

Notwithstanding the other provisions of this chapter, if a domestic entity is created under this chapter or if the name of a domestic entity is changed under this chapter, the name of the domestic entity may not be a name that is reserved or registered to another entity under AS 10.35 and must comply with […]