1. (a) A domestic entity may become a foreign entity in a domestication by approving a plan of domestication. The plan shall be in a record and contain:

   1. (1) The name and type of the domesticating entity;
   2. (2) The name and jurisdiction of organization of the domesticated entity;
   3. (3) The manner of converting the interests in the domesticating entity into interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination thereof;
   4. (4) The proposed public organic document of the domesticated entity if it is a filing entity;
   5. (5) The full text of the private organic rules of the domesticated entity that are proposed to be in a record;
   6. (6) The other terms and conditions of the domestication; and
   7. (7) Any other provision required by the law of this state or the organic rules of the domesticating entity.
2. (b) A plan of domestication may contain any other provision not prohibited by law.

(P.A. 11-241, S. 29.)

History: P.A. 11-241 effective January 1, 2014.