(a) If the surviving or new corporation is a cooperative, the effect of the merger or consolidation is the same as provided in this chapter for the merger or consolidation of cooperatives.

Terms Used In Alaska Statutes 10.15.445

  • cooperative: means a cooperative corporation subject to the provisions of this chapter. See Alaska Statutes 10.15.595
  • corporation: means a corporation that is not a cooperative. See Alaska Statutes 10.15.595
  • 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.
  • 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
(b) If the surviving or new corporation is a domestic corporation, the effect of the merger or consolidation is the same as provided in Alaska Stat. Chapter 10.06 (Alaska Corporations Code) for the merger or consolidation of domestic corporations.
(c) If the surviving or new corporation or cooperative is governed by the laws of another state, the effect of the merger or consolidation is the same as in the case of the merger or consolidation of cooperatives or domestic corporations, as the case may be, except insofar as the laws of the other state provide otherwise.
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