Alaska Statutes 10.06.582 – Status of shares acquired from dissenting shareholders
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 10.06.582
- 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
Shares acquired by a corporation under Alaska Stat. § 10.06.578 and 10.06.580 shall be held and disposed of by the corporation as other shares reacquired under Alaska Stat. § 10.06.388, except that, in the case of a merger or consolidation, they shall be held and disposed of as the plan of merger or consolidation may otherwise provide.