16-1a-1002. Domestication authorized.
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Effective 10/1/2026
16-1a-1002. Domestication authorized.
(1)Except as otherwise provided in this section, by complying with this part:
(a)a domestic entity may become a domestic entity of the same type of entity in a foreign jurisdiction if the domestication is authorized by the law of the foreign jurisdiction; and
(b)a foreign entity may become a domestic entity of the same type of entity in this state if the domestication is authorized by the law of the foreign entity's jurisdiction of formation.
(2)If a protected agreement contains a provision that applies to a merger of a domestic entity but does not refer to domestication, the provision applies to a domestication of the entity as if the domestication were a merger until the provision is amended after May 7, 2026.
Enacted by Chapter 93 , 2026 General Session