Action on plan of domestication by domesticating limited liability company.

Checkout our iOS App for a better way to browser and research.

47-34A-911. Action on plan of domestication by domesticating limited liability company.

(a) A plan of domestication must be consented to:

(1)By all the members, subject to §47-34A-912, if the domesticating company is a limited liability company; and

(2)As provided in the domesticating company's governing statute, if the company is a foreign limited liability company.

(b) Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are delivered to the secretary of state for filing under §47-34A-912, a domesticating limited liability company may amend the plan or abandon the domestication:

(1)As provided in the plan; or

(2)Except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.

Source: SL 2010, ch 218, §12; SL 2013, ch 233, §25.


Download our app to see the most-to-date content.