Sec. 10.55.305. Statement of interest exchange; effective date.

278 words·~1 min read·/ak/title-10/chapter-55/10-55-305

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

(a)A statement of interest exchange shall be signed on behalf of a domestic acquired entity and filed with the department.

(b)A statement of interest exchange must contain

(1)the name and type of the acquired entity;

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

(3)if the statement of interest exchange 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 plan of interest exchange was approved by the acquired entity in accordance with AS 10.55.301 — 10.55.306; and

(5)any amendments to the acquired entity's public organic document approved as part of the plan of interest exchange.

(c)In addition to the requirements of

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

(d)A plan of interest exchange that is signed on behalf of a domestic acquired entity and meets all of the requirements of

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

(e)A statement of interest exchange becomes effective on the date and time of filing or the later date and time specified in the statement of interest exchange.