Sec. 10.45.240. Applicability of Alaska Corporations Code and Alaska Entity Transactions Act.
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Sec. 10.45.240. Applicability of Alaska Corporations Code and Alaska Entity Transactions Act.
The Alaska Corporations Code, including the provision in AS 10.06.595 that allows, with exceptions, corporations to enter into mergers, interest exchanges, conversions, and domestications under AS 10.55 (Alaska Entity Transactions Act), is applicable to professional corporations, and they enjoy the powers and privileges and are subject to the duties, restrictions, and liabilities of other corporations, except when inconsistent with this chapter. This chapter takes precedence in the event of a conflict with provisions of the Alaska Corporations Code or other laws.