A plan of consolidation approved by a resolution of the board of each corporation shall be proposed setting out

(1) the names of the corporations proposing to consolidate and the name of the new corporation into which they propose to consolidate;

Terms Used In Alaska Statutes 10.06.536

  • articles of incorporation: means the original or restated articles of incorporation and all amendments and includes articles of merger. See Alaska Statutes 10.06.990
  • board: means the board of directors of a domestic or foreign corporation. 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.
  • shares: means the units into which the proprietary interests in a corporation are divided. See Alaska Statutes 10.06.990
(2) the terms and conditions of the proposed consolidation;
(3) the manner and basis of converting the shares of each corporation into shares or other securities or obligations of the new corporation;
(4) the statements with respect to the new corporation required to be set out in the articles of incorporation for corporations organized under this chapter; and
(5) other provisions of the consolidation considered necessary or desirable.
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