Section 489.1011 - Action on plan of domestication by domesticating limited liability company.

IA Code § 489.1011 (2019) (N/A)
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489.1011 Action on plan of domestication by domesticating limited liability company.

1. A plan of domestication must be consented to as follows:

a. By all the members, subject to section 489.1014, if the domesticating company is a limited liability company.

b. As provided in the domesticating company’s governing statute, 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 delivered to the secretary of state for filing under section 489.1012, a domesticating limited liability company may amend the plan or abandon the domestication as follows:

a. As provided in the plan.

b. Except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.

2008 Acts, ch 1162, §81, 155

Referred to in §489.1001, 489.1010