Plan of domestication; contents

Sec. 2. (a) A domestic entity may become a foreign entity in a domestication by approving a plan of domestication. The plan must be in a record and contain: (1) the name and type of entity of the domesticating entity; (2) the name and jurisdiction of formation of the domesticated entity; (3) the manner of converting the interests in the domesticating entity into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing; (4) the proposed public organic record of the domesticated entity if it is a filing entity; (5) the full text of the private organic rules of the domesticated entity that are proposed to be in a record; (6) the other terms and conditions of the domestication; and (7) any other provision required by the law of this state or the organic rules of the domesticating entity. (b) In addition to the requirements of subsection (a), a plan of domestication may contain any other provision not prohibited by law. As added by P.L.118-2017, SEC.6.