Note: This version of section effective until 1-1-2018. See also following repeal of this chapter, effective 1-1-2018.

1. (b) A domestic nonprofit corporation may become a foreign nonprofit corporation only if the domestication is permitted by the laws of the foreign jurisdiction where the domestic nonprofit corporation is seeking redomestication. Regardless of whether the laws of the foreign jurisdiction require the adoption of a plan of domestication, the domestication must be approved by the adoption by the nonprofit corporation of a plan of domestication in the manner provided in this section. The laws of the foreign jurisdiction govern the effect of domesticating in that jurisdiction.

2. (c) The plan of domestication must include:

   1. (1) a statement of the jurisdiction in which the nonprofit corporation is to be domesticated;
   2. (2) the terms and conditions of the domestication; and
   3. (3) any desired amendments to the articles of incorporation of the nonprofit corporation following its domestication.

Sec. 1. (a) A foreign nonprofit corporation may become a domestic nonprofit corporation only if the domestication is permitted by the organic law of the domiciliary state of the foreign nonprofit corporation. The laws of Indiana govern the effect of domesticating a foreign nonprofit corporation in Indiana under this chapter.

As added by P.L.63-2014, SEC.27.