47-1A-920.1. Domestication--Domestic business corporation to be foreign business corporation.
66 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-920-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A domestic business corporation may become a foreign business corporation if the domestication is permitted by the laws of the foreign jurisdiction. Regardless of whether the laws of the foreign jurisdiction require the adoption of a plan of domestication, the domestication shall be approved by the adoption by the corporation of a plan of domestication in the manner provided in §§ 47-1A-920 to 47-1A-925.1 , inclusive.