Alaska § 10.55.301 - Interest exchange authorized.
Full text of Alaska Alaska Statutes § 10.55.301 — Interest exchange authorized., with citation guidance and answers to common questions.
§ 10.55.301. Interest exchange authorized.
(a) Except as otherwise provided in this section, by complying with AS 10.55.301 — 10.55.306, (1) a domestic entity may acquire all of one or more classes or series of interests of another domestic or foreign entity in exchange for interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of interests, securities, obligations, rights to acquire interests or securities, cash, or other property; or
(2) all of one or more classes or series of interests of a domestic entity may be acquired by another domestic or foreign entity in exchange for interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of interests, securities, obligations, rights to acquire interests or securities, cash, or other property.
(b) Except as otherwise provided in this section, by complying with the provisions of AS 10.55.301 — 10.55.306 applicable to foreign entities, a foreign entity may be the acquiring or acquired entity in an interest exchange under AS 10.55.301 — 10.55.306 if the interest exchange is authorized by the law of the foreign entity's jurisdiction of organization.
(c) Unless the provision is amended after July 1, 2014, if a protected agreement contains a provision that applies to a merger of a domestic entity but does not refer to an interest exchange, the provision applies to an interest exchange in which the domestic entity is the acquired entity as if the interest exchange were a merger.
(d) The provisions of AS 10.55.301 — 10.55.306 do not apply to a share exchange under AS 10.06.530 — 10.06.582 or 10.06.960. In this subsection, “share exchange” means a share exchange authorized by AS 10.06.538 or an exchange regulated by AS 10.06.960 .
Frequently Asked Questions About Alaska § 10.55.301
What does Alaska Statutes § 10.55.301 cover?
Section 10.55.301 ("Interest exchange authorized.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 10.55.301?
A common citation format is "Alaska Statutes § 10.55.301" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 10.55.301 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.