Plan of domestication
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Law
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Mississippi Code
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Corporations, Associations, and Partnerships
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Mississippi Entity Conversion and Domestication Act
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Domestication
- Plan of domestication
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:
- The name and type of entity of the domesticating entity;
- The name and jurisdiction of formation of the domesticated entity;
- 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;
- The proposed public organic record of the domesticated entity if it is a filing entity;
- The full text of the private organic rules of the domesticated entity that are proposed to be in a record;
- The other terms and conditions of the domestication; and
- Any other provision required by the law of this state or the organic rules of the domesticating entity.
In addition to the requirements of subsection (a), a plan of domestication may contain any other provision not prohibited by law.
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