§ 371. Domestication authorized.
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§ 371. Domestication authorized.
(a)Domestic entities.-- Except as provided in section 318 (relating to excluded entities and transactions), by complying with this chapter, a domestic entity may become a domesticated entity of the same type in a foreign jurisdiction if the domestication is authorized by the laws of the foreign jurisdiction.
(b)Foreign entities.-- By complying with the applicable provisions of this subchapter, a foreign entity may become a domestic entity of the same type in this Commonwealth if this title provides for the formation of that type of entity.
(c)Cross reference.-- See section 314 (relating to regulatory conditions and required notices and approvals).
15c371v
(Nov. 3, 2022, P.L.1791, No.122, eff. 60 days)
2022 Amendment. Act 122 amended subsec. (a).
15c372s