29-2501. Domestication authorized; definition
A. By complying with this article, a domestic entity may become a domestic entity of the same type in a foreign jurisdiction if the domestication is authorized by the law of the foreign jurisdiction.
B. A foreign entity may become a domestic entity of the same type in this state under this article if the domestication is authorized by the law of the foreign entity's jurisdiction of organization.
C. If a protected agreement contains a provision that applies to a merger of a domestic entity but does not refer to a domestication, the provision applies to a domestication of the entity as if the domestication were a merger until the agreement is amended after the effective date of this section.
D. " Domestic entity" , when used in this article in reference to a foreign jurisdiction, means an entity whose internal affairs are governed by the law of the foreign jurisdiction.
Section: Previous 29-2401 29-2402 29-2403 29-2404 29-2405 29-2406 29-2407 29-2501 29-2502 29-2503 29-2504 29-2505 29-2506 29-2507 29-2601 NextLast modified: October 13, 2016