Subdivision 1.Articles of domestication.

After a plan of domestication is approved, a domesticating organization shall file with the secretary of state articles of domestication, which articles of domestication must include:

Terms Used In Minnesota Statutes 321.1117

  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
  • Statute: A law passed by a legislature.

(1) a statement, as the case may be, that the organization has been domesticated from or into another jurisdiction;

(2) the name of the domesticating organization and the jurisdiction of its governing statute;

(3) the name of the domesticated organization and the jurisdiction of its governing statute;

(4) the date the domestication is effective under the governing statute of the domesticated organization;

(5) if the domesticating organization was a limited partnership, a statement that the domestication was approved as required by this chapter;

(6) if the domesticating organization was a foreign limited partnership, a statement that the domestication was approved as required by the governing statute of the other jurisdiction; and

(7) if the domesticated organization was a foreign limited partnership not authorized to transact business in this state, the street address of an office that the secretary of state may use for the purposes of section 321.1118, subdivision 2.

Subd. 2.Effective date of domestication.

A domestication becomes effective:

(1) when the certificate of limited partnership takes effect, if the domesticated company is a limited partnership; and

(2) according to the governing statute of the domesticated company, if the domesticated organization is a foreign limited partnership.