§ 79-37-502. Plan of domestication

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.

In addition to the requirements of subsection (a), a plan of domestication may contain any other provision not prohibited by law.