Current through P.L. 171-2024
Section 23-0.6-5-2 - Plan of domestication; contents(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), a plan of domestication may contain any other provision not prohibited by law.Added by P.L. 118-2017,SEC. 6, eff. 1/1/2018.