Ark. Code § 4-38-1055

Current with legislation from 2024 Fiscal and Special Sessions.
Section 4-38-1055 - Statement of domestication - Effective date of domestication
(a) A statement of domestication must be signed by the domesticating limited liability company and delivered to the Secretary of State for filing.
(b) A statement of domestication must contain:
(1) the name and jurisdiction of formation of the domesticating limited liability company;
(2) the name and jurisdiction of formation of the domesticated limited liability company;
(3) if the domesticating limited liability company is a domestic limited liability company, a statement that the plan of domestication was approved in accordance with this part or, if the domesticating limited liability company is a foreign limited liability company, a statement that the domestication was approved in accordance with the law of its jurisdiction of formation; and
(4) the certificate of organization of the domesticated limited liability company, as an attachment.
(c) In addition to the requirements of subsection (b), a statement of domestication may contain any other provision not prohibited by law.
(d) The certificate of organization of a domestic domesticated limited liability company must satisfy the requirements of this chapter, but the certificate does not need to be signed.
(e) A plan of domestication that is signed by a domesticating domestic limited liability company and meets all the requirements of subsection (b) may be delivered to the Secretary of State for filing instead of a statement of domestication and on filing has the same effect. If a plan of domestication is filed as provided in this subsection, references in this subchapter to a statement of domestication refer to the plan of domestication filed under this subsection.
(f) If the domesticated entity is a domestic limited liability company, the domestication becomes effective when the statement of domestication is effective. If the domesticated entity is a foreign limited liability company, the domestication becomes effective on the later of:
(1) the date and time provided by the organic law of the domesticated entity; and
(2) when the statement is effective.

Ark. Code § 4-38-1055

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