A stock purchase agreement is a contract in which the owner of shares or stock in a company (a person, entity, or the company itself) sells some or all of the shares to another person or entity. Stock purchase agreements are often used when the majority ownership interest in a company is acquired by another person or entity. For more information on the transfer of ownership of companies, see the Common Legal Topic on mergers and acquisitions.

In Alaska, a stock purchase agreement is a legal document that outlines the terms and conditions under which shares of a company are sold and purchased. This agreement typically includes details such as the number of shares being sold, the price per share, representations and warranties of the parties, and any conditions precedent to the closing of the transaction. When a majority ownership interest in a company is being transferred, this agreement is crucial for both the seller and the buyer to ensure that their interests are protected and that the transfer is conducted in accordance with state and federal laws. Alaska's corporate statutes, found in the Alaska Statutes Title 10, govern the sale of stock and the rights of shareholders, while federal securities laws, such as the Securities Act of 1933 and the Securities Exchange Act of 1934, may also apply to ensure proper disclosure and compliance with regulations. It is advisable for parties involved in such transactions to consult with an attorney to navigate the complexities of these laws and to ensure that the stock purchase agreement is legally sound and enforceable.