American Samoa § 30.0171 - Share exchange.
Full text of American Samoa American Samoa Code Annotated § 30.0171 — Share exchange., with citation guidance and answers to common questions.
§ 30.0171. Share exchange.
(a) A corporation may acquire all of the outstanding shares of one or more classes or series of another corporation if the Board of Directors of each corporation adopts and its shareholders approve the exchange. (b) The plan of exchange must set forth: (1) the name of the corporation whose shares will be acquired and the name of the acquiring corporation; (2) the terms and conditions of the exchange; (3) the manner and basis of exchanging the shares to be acquired for shares, obligations, or other securities of the acquiring or any other corporation or for cash or other property in whole or part. (c) The plan of exchange may set forth other provisions relating to the exchange. (d) This section does not limit the power of a corporation to acquire all or part of the shares of one or more classes or series of another corporation through a voluntary exchange or otherwise.
Frequently Asked Questions About American Samoa § 30.0171
What does American Samoa Code Annotated § 30.0171 cover?
Section 30.0171 ("Share exchange.") is part of the American Samoa Code Annotated, the codified statutory law of American Samoa. 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 American Samoa § 30.0171?
A common citation format is "American Samoa Code Annotated § 30.0171" (American Samoa). 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 American Samoa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the American Samoa official source linked on this page or consult a licensed American Samoa attorney.
How does American Samoa § 30.0171 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in American Samoa 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 American Samoa.