North Dakota Code 10-32.1-68 – Action on a plan of domestication by a domesticating limited liability company
Current as of: 2023 | Check for updates
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1. A plan of domestication must be consented to:
Terms Used In North Dakota Code 10-32.1-68
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
- Statute: A law passed by a legislature.
a. By all the members, subject to section 10-32.1-71, if the domesticating company is a limited liability company; and
b. As provided in the governing statute of the domesticating company if the company is a foreign limited liability company.
2. Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are filed with the secretary of state under section 10-32.1-69, a domesticating limited liability company may amend the plan or abandon the domestication:
a. As provided in the plan; or
b. Except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.