Sec. 10.55.205. Statement of merger; effective date.

455 words·~2 min read·/ak/title-10/chapter-55/10-55-205·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A statement of merger shall be signed on behalf of each merging entity and filed with the department.

(b)A statement of merger must contain

(1)the name, jurisdiction of organization, and type of each merging entity that is not the surviving entity;

(2)the name, jurisdiction of organization, and type of the surviving entity;

(3)if the statement of merger is not to be effective upon filing, the later date and time on which it will become effective, which may not be more than 90 days after the date of filing;

(4)a statement that the merger was approved by each domestic merging entity, if any, in accordance with AS 10.55.201 — 10.55.206 and by each foreign merging entity, if any, in accordance with the law of the foreign merging entity's jurisdiction of organization;

(5)if the surviving entity exists before the merger and is a domestic filing entity, any amendment to the surviving entity's public organic document approved as part of the plan of merger;

(6)if the surviving entity is created by the merger and is a domestic filing entity, the surviving entity's public organic document, as an attachment;

(7)if the surviving entity is created by the merger and is a domestic limited liability partnership, the surviving entity's statement of qualification, as an attachment; and

(8)if the surviving entity is a foreign entity that is not a qualified foreign entity, a mailing address to which the department may send any process served on the commissioner under AS 10.55.206 (e).

(c)In addition to the requirements of

(b)of this section, a statement of merger may contain any other provision not prohibited by law.

(d)If the surviving entity is a domestic entity, the surviving entity's public organic document, if any, must satisfy the requirements of the law of this state, except that it does not need to be signed and may omit any provision that is not required to be included in a restatement of the public organic document.

(e)A plan of merger that is signed on behalf of all of the merging entities and meets all of the requirements of

(b)of this section may be filed with the department instead of a statement of merger and, on filing, has the same effect as a statement of merger. If a plan of merger is filed as provided in this subsection, references in this chapter to a statement of merger refer to the plan of merger filed under this subsection.

(f)A statement of merger becomes effective on the date and time of filing or the later date and time specified in the statement of merger under (b)(3) of this section.