(a) Except as otherwise provided in this section, by complying with Alaska Stat. § 10.55.301 – 10.55.306,
Terms Used In Alaska Statutes 10.55.301
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(1) a domestic entity may acquire all of one or more classes or series of interests of another domestic or foreign entity in exchange for interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of interests, securities, obligations, rights to acquire interests or securities, cash, or other property; or(2) all of one or more classes or series of interests of a domestic entity may be acquired by another domestic or foreign entity in exchange for interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of interests, securities, obligations, rights to acquire interests or securities, cash, or other property.(b) Except as otherwise provided in this section, by complying with the provisions of Alaska Stat. § 10.55.301 – 10.55.306 applicable to foreign entities, a foreign entity may be the acquiring or acquired entity in an interest exchange under Alaska Stat. § 10.55.301 – 10.55.306 if the interest exchange is authorized by the law of the foreign entity’s jurisdiction of organization.(c) Unless the provision is amended after July 1, 2014, if a protected agreement contains a provision that applies to a merger of a domestic entity but does not refer to an interest exchange, the provision applies to an interest exchange in which the domestic entity is the acquired entity as if the interest exchange were a merger.(d) The provisions of Alaska Stat. § 10.55.301 – 10.55.306 do not apply to a share exchange under Alaska Stat. § 10.06.530 – 10.06.582 or 10.06.960. In this subsection, “share exchange” means a share exchange authorized by Alaska Stat. § 10.06.538 or an exchange regulated by Alaska Stat. § 10.06.960.
