§921. Domestication 1. Foreign business corporation may become domestic business corporation. A foreign business corporation may become a domestic business corporation only if the domestication is permitted by the organic law of the foreign corporation. The laws of this State govern the effect of domesticating in this State pursuant to this subchapter. [PL 2001, […]
§922. Action on plan of domestication In the case of a domestication of a domestic business corporation, in this section referred to as the “corporation,” in a foreign jurisdiction: [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 1. Plan adopted by directors. The plan of domestication […]
§923. Articles of domestication 1. Articles of domestication. After the domestication of a foreign business corporation, referred to in this section as the “corporation,” has been authorized as required by the laws of the foreign jurisdiction, articles of domestication must be executed by an officer or other duly authorized representative of the corporation. The articles […]
§924. Surrender of charter upon domestication 1. Articles of charter surrender. Whenever a domestic business corporation, referred to in this section as the “corporation,” has adopted and approved, in the manner required by this subchapter, a plan of domestication providing for the corporation to be domesticated in a foreign jurisdiction, articles of charter surrender must […]
§925. Effect of domestication 1. Domestication of foreign business corporation. When a domestication in this State of a foreign 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 corporation remains in the corporation without reversion or […]
§926. Abandonment of domestication 1. Abandonment of domestication by domestic business corporation. Unless otherwise provided in a plan of domestication of a domestic business corporation, after the plan has been adopted and approved as required by this subchapter and at any time before the domestication has become effective, it may be abandoned by the corporation’s […]
