42:2C-82 Domestication.
82.Domestication.
a.A foreign limited liability company may become a limited liability company pursuant to this section, sections 83 through 85 of this act, and a plan of domestication, if:
(1)the foreign limited liability company's governing statute authorizes the domestication;
(2)the domestication is not prohibited by the law of the jurisdiction that enacted the governing statute; and
(3)the foreign limited liability company complies with its governing statute in effecting the domestication.
b.A limited liability company may become a foreign limited liability company pursuant to this section, sections 83 through 85 of this act, and a plan of domestication, if:
(1)the foreign governing statute authorizes the domestication;
(2)the domestication is not prohibited by the law of the jurisdiction that enacted the governing statute; and
(3)the limited liability company complies with the foreign governing statute in effecting the domestication.
c.A plan of domestication shall be in a record and shall include:
(1)the name of the domesticating company before domestication and such other information as may be required by the filing office to correctly identify the company and the jurisdiction of its governing statute;
(2)the name of the domesticated company after domestication and the jurisdiction of its governing statute;
(3)the terms and conditions of the domestication, including the manner and basis for converting interests in the domesticating company into any combination of money, interests in the domesticated company, and other consideration; and
(4)the organizational documents of the domesticated company that are, or are proposed to be, in a record.
L.2012, c.50, s.82.
Section: Previous 42-2c-75 42-2c-76 42-2c-77 42-2c-78 42-2c-79 42-2c-80 42-2c-81 42-2c-82 42-2c-83 42-2c-84 42-2c-85 42-2c-86 42-2c-87 42-2c-88 42-2c-89 Next
Last modified: October 11, 2016