Code of Virginia - Title 13.1 Corporations - Section 13.1-1074 Domestication

§ 13.1-1074. Domestication

A. A foreign limited liability company may become a domestic limited liability company in the manner provided in this article. The laws of this Commonwealth shall govern the effect of domesticating in this Commonwealth pursuant to this article.

B. A domestic limited liability company not required by law to be a domestic limited liability company may become a foreign limited liability company if the jurisdiction in which the limited liability company intends to domesticate allows for the domestication. Regardless of whether the laws of the foreign jurisdiction require the adoption of a plan of domestication, the domestication shall be approved in the manner provided in this article. The laws of the jurisdiction in which the limited liability company domesticates shall govern the effect of domesticating in that jurisdiction.

(2006, c. 912.)

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Last modified: April 2, 2009