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Section 42:2C-83 - Action on plan of domestication by domesticating limited liability company.

NJ Rev Stat § 42:2C-83 (2019) (N/A)
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42:2C-83 Action on plan of domestication by domesticating limited liability company.

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.

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