Connecticut General Statutes 34-642 – Plan of domestication
(a) A domestic entity may become a foreign entity in a domestication by approving a plan of domestication. The plan shall be in a record and contain:
Terms Used In Connecticut General Statutes 34-642
- Domesticated entity: means the domesticating entity as it continues in existence after a domestication. See Connecticut General Statutes 34-600
- Domesticating entity: means the domestic entity that approves a plan of domestication pursuant to §. See Connecticut General Statutes 34-600
- Domestication: means a transaction authorized by part V of this chapter. See Connecticut General Statutes 34-600
- Filing entity: means an entity that is created by the filing of a public organic document. See Connecticut General Statutes 34-600
- Foreign entity: means an entity other than a domestic entity. See Connecticut General Statutes 34-600
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Organic rules: means the public organic document and private organic rules of an entity. See Connecticut General Statutes 34-600
- Plan: means a plan of merger, interest exchange, conversion or domestication. See Connecticut General Statutes 34-600
- Public organic document: means the public record, the filing of which creates an entity and any amendment to or restatement of such record. See Connecticut General Statutes 34-600
- Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Connecticut General Statutes 34-600
(1) The name and type of the domesticating entity;
(2) The name and jurisdiction of organization of the domesticated entity;
(3) The manner of converting the interests in the domesticating entity into interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination thereof;
(4) The proposed public organic document 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.
(b) A plan of domestication may contain any other provision not prohibited by law.