47-1A-924.1. Effect of domestication of domestic business corporation in foreign jurisdiction.
80 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-924-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When a domestication of a domestic business corporation in a foreign jurisdiction becomes effective, the foreign business corporation is deemed to:
(1)Appoint the Office of the Secretary of State as its agent for service of process in a proceeding to enforce the rights of shareholders who exercise appraisal rights in connection with the domestication; and
(2)Agree that it will promptly pay the amount, if any, to which such shareholders are entitled under §§ 47-1A-1301 to 47-1A-1331.2 , inclusive.