605.1052 Plan of domestication.
164 words·~1 min read·
/fl/title-xxxvi/chapter-605/605-1052·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A non-United States entity may become a domestic limited liability company by approving a plan of domestication. The plan of domestication must be in a record and contain the following:
(a)The name and jurisdiction of formation of the domesticating entity.
(b)If applicable, the manner and basis of converting the interests and rights to acquire interests in the domesticating entity into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing.
(c)The proposed public organic record of the domesticating entity in this state.
(d)The full text of the proposed private organic rules of the domesticated entity that are to be in a record, if any.
(e)Any other provision required by the law of the jurisdiction of formation of the domesticating entity or the organic rules of the domesticating entity.
(2)In addition to the requirements of subsection (1), a plan of domestication may contain any other provision not prohibited by law.