§941. Foreign nonprofit domestication and conversion A foreign nonprofit corporation may become a domestic business corporation only if the domestication and conversion is permitted by the organic law of the foreign nonprofit corporation. The laws of this State govern the effect of converting to a domestic business corporation pursuant to this subchapter. [PL 2001, […]
§942. Articles of domestication and conversion 1. Conversion to domestic business corporation. After the conversion of a foreign nonprofit corporation to a domestic business corporation, referred to in this subsection as the “corporation,” has been authorized as required by the laws of the foreign jurisdiction, articles of domestication and conversion must be executed by an […]
§943. Effect of foreign nonprofit domestication and conversion 1. Effect of domestication and conversion. When a domestication and conversion of a foreign nonprofit corporation to a domestic business corporation, referred to in this subsection as the “corporation,” becomes effective: A. The title to all real and personal property, both tangible and intangible, of the […]
§944. Abandonment of foreign nonprofit domestication and conversion If the domestication and conversion of a foreign nonprofit corporation to a domestic business corporation is abandoned in accordance with the laws of the foreign jurisdiction after articles of domestication and conversion have been filed with the Secretary of State, a statement that the domestication and conversion […]
