(a) The articles of conversion must recite that they are executed under this chapter and must state

Terms Used In Alaska Statutes 10.25.300

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • 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.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • 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
  • Statute: A law passed by a legislature.
(1) the name of the corporation and the address of its principal office prior to its conversion into a cooperative;
(2) the statute or statutes under which it was organized;
(3) a statement that the corporation elects to become a cooperative, nonprofit, membership corporation subject to this chapter;
(4) its name as a cooperative;
(5) the address of the principal office of the cooperative;
(6) the names and addresses of the directors of the cooperative;
(7) the manner in which members, stockholders or incorporators of the corporation are to become members of the cooperative.
(b) The articles of conversion may contain provisions not inconsistent with this chapter considered necessary or advisable for the conduct of the business of the cooperative.
(c) The presiding officer executing the articles of conversion shall make and annex to it an affidavit stating that the provisions of this section were complied with regarding the articles. The articles of conversion are the articles of incorporation of the cooperative.
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