Derivation of Hodgkin-Huxley equations for a Na+ channel from a master   equation for coupled activation and inactivation
  The Na+ current in nerve and muscle membranes may be described in terms of the activation variable m(t) and the inactivation variable h(t), which are dependent on the transitions of S4 sensors of each of the Na+ channel domains DI to DIV. The time-dependence of the Na+ current and the rate equations satisfied by m(t) and h(t) may be derived from the solution to a master equation which describes the coupling between two or three activation sensors regulating the Na+ channel conductance and a two stage inactivation process. If the inactivation rate from the closed or open states increases as the S4 sensors activate, a more general form for the Hodgkin-Huxley expression for the open state probability may be derived where m(t) is dependent on both activation and inactivation processes. The voltage dependence of the rate functions for inactivation and recovery from inactivation are consistent with the empirically determined expressions, and exhibit saturation for both depolarized and hyperpolarized clamp potentials. 
S. R. Vaccaro
physics.bio-ph