16-1a-1003. Plan of domestication.
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Effective 10/1/2026
16-1a-1003. Plan of domestication.
(1)A domestic entity may become a foreign entity in a domestication by approving a plan of domestication.
(2)The domestic entity shall ensure that a plan of domestication is in a record and that the plan of domestication contains:
(a)the domesticating entity's name, jurisdiction of formation, and type of entity;
(b)the domesticated entity's name, jurisdiction of formation, and type of entity;
(c)the manner of converting the interests in the domesticating entity into interests, securities, obligations, money, other property, or rights to acquire interests and securities;
(d)the proposed public organic record of the domesticated entity if the domesticated entity is a filing entity;
(e)the full text of the private organic rules of the domesticated entity that are proposed to be in a record;
(f)the other terms and conditions of the domestication; and
(g)any other provision required by the law of this state or the organic rules of the domesticating entity.
(3)In addition to the requirements described in Subsection
(2), a plan of domestication may contain any other provision not prohibited by law.
Enacted by Chapter 93 , 2026 General Session