Approval of domestication.

Utah Code § 48-1d-1053 (until 10/1/2026), under Part 48-1d-10: Merger, Interest Exchange, Conversion, and Domestication.

Utah Code § 48-1d-1053 (until 10/1/2026)

48-1d-1053. Approval of domestication.

(1) A plan of domestication of a domestic domesticating limited liability partnership is not effective unless it has been approved: by all the partners entitled to vote on or consent to any matter; and in a record, by each partner that will have interest holder liability for debts, obligations, and other liabilities that arise after the domestication becomes effective, unless: the partnership agreement of the entity provides in a record for the approval of a domestication or merger in which some or all of its partners become subject to interest holder liability by the vote or consent of fewer than all the partners; and the partner voted for or consented in a record to that provision of the partnership agreement or became a partner after the adoption of that provision.

(2) A domestication of a foreign domesticating limited liability partnership is not effective unless it is approved in accordance with the law of the foreign limited liability partnership's jurisdiction of formation.