Current through Chapter 314 of the 2023 Regular Session
Section 30-22-502 - PLAN OF DOMESTICATION(a) A domestic entity may become a foreign entity in a domestication by approving a plan of domestication. The plan must be in a record and contain: (1) The name and type of entity of the domesticating entity;(2) The name and jurisdiction of formation of the domesticated entity;(3) The manner of converting the interests in the domesticating entity into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing;(4) The proposed public organic record of the domesticated entity if it is a filing entity;(5) The full text of the private organic rules of the domesticated entity that are proposed to be in a record;(6) The other terms and conditions of the domestication; and(7) Any other provision required by the law of this state or the organic rules of the domesticating entity.(b) In addition to the requirements of subsection (a) of this section, a plan of domestication may contain any other provision not prohibited by law.[30-22-502, added 2015, ch. 243, sec. 21, p. 802.]Added by 2015 Session Laws, ch. 243,sec. 21, eff. 7/1/2015.