(1) After:
- (a) a plan of domestication of a domestic corporation has been adopted and approved as required by this chapter; or
(b) a foreign corporation that is a domesticating corporation has approved a domestication as required under its organic law, articles of domestication must be signed by the domesticating corporation. The articles must set forth:
- (i) the name of the domesticating corporation and its jurisdiction of formation;
- (ii) the name of the domesticated corporation and its jurisdiction of formation; and
(iii) if the domesticating corporation is:
- (A) a domestic corporation, a statement that the plan of domestication was approved in accordance with this part; or
- (B) a foreign corporation, a statement that the domestication was approved in accordance with its organic law.
- (2) If the domesticated corporation is a domestic corporation, the articles of domestication must have attached articles of incorporation of the domesticated corporation that satisfy the requirements of 35-14-202. Provisions that would not be required to be included in restated articles of incorporation may be omitted from the articles of incorporation attached to the articles of domestication.
- (3) The articles of domestication must be delivered to the secretary of state for filing and take effect on the effective date determined in accordance with 35-14-123.
(4) If the domesticated corporation is a domestic corporation, the domestication becomes effective on the date the articles of domestication are effective. If the domesticated corporation is a foreign corporation, the domestication becomes effective on the later of:
- (a) the date and time provided by the organic law of the domesticated corporation; or
- (b) the date the articles of domestication are effective.
- (5) If the domesticating corporation is a foreign corporation that is registered to do business in this state under part 15 of this chapter, its registration statement is canceled automatically when the domestication becomes effective.
History: En. Sec. 140, Ch. 271, L. 2019.