47-34A-911. Action on plan of domestication by domesticating limited liability company.
118 words·~1 min read·
/sd/title-47/chapter-47-34/47-34a-911·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.