Ark. Code § 4-38-1051

Current with legislation from 2024 Fiscal and Special Sessions.
Section 4-38-1051 - Domestication authorized
(a) By complying with this part, a domestic limited liability company may become a foreign limited liability company if the domestication is authorized by the law of the foreign jurisdiction.
(b) By complying with the provisions of this part applicable to foreign limited liability companies, a foreign limited liability company may become a domestic limited liability company if the domestication is authorized by the law of the foreign limited liability company's jurisdiction of formation.
(c) If a protected agreement contains a provision that applies to a merger of a domestic limited liability company but does not refer to a domestication, the provision applies to a domestication of the limited liability company as if the domestication were a merger until the provision is amended after September 1, 2021.

Ark. Code § 4-38-1051

Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021.