New Jersey Statutes 42:2C-83. Action on plan of domestication by domesticating limited liability company
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Terms Used In New Jersey Statutes 42:2C-83
- Statute: A law passed by a legislature.
83. Action on Plan of Domestication By Domesticating Limited Liability Company.
a. A plan of domestication shall be consented to:
(1) by all the members, subject to section 86 of this act, if the domesticating company is a limited liability company; and
(2) as provided in the domesticating company’s governing statute, if the company is a foreign limited liability company.
b. Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are delivered to the filing office for filing under section 84 of this act, a domesticating limited liability company may amend the plan or abandon the domestication:
(1) as provided in the plan; or
(2) except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.
L.2012, c.50, s.83.