Alaska Statutes 10.06.548 – Abandonment of plan of merger, consolidation, or exchange
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Terms Used In Alaska Statutes 10.06.548
- approval of the outstanding shares: means approved by the affirmative vote of a majority of the outstanding shares entitled to vote. See Alaska Statutes 10.06.990
- 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.
After approval of the outstanding shares of each corporation under Alaska Stat. § 10.06.546 and before the filing of the articles of merger, consolidation, or exchange, the merger, consolidation, or exchange may be abandoned under provisions set out in the plan.