N.D. Cent. Code § 10-32.1-67
This is the official text of N.D. Cent. Code § 10-32.1-67, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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10-32.1-67. Domestication
Official statutory text
10-32.1-67. Domestication
1. A foreign limited liability company may become a limited liability company pursuant to
this section, sections 10-32.1-67 through 10-32.1-71, and a plan of domestication if:
a. The governing statute of the foreign limited liability company authorizes the
domestication;
b. The domestication is not prohibited by the law of the jurisdiction that enacted the
governing statute; and
c. The foreign limited liability company complies with its governing statute in
effecting the domestication.
2. A limited liability company may become a foreign limited liability company pursuant to
this section, sections 10-32.1-67 through 10-32.1-71, and a plan of domestication if:
a. The governing statute of the foreign limited liability company authorizes the
domestication;
b. The domestication is not prohibited by the law of the jurisdiction that enacted the
governing statute; and
c. The foreign limited liability company complies with its governing statute in
effecting the domestication.
3. A plan of domestication must be in a record and must include:
a. The name of the domesticating company before domestication and the
jurisdiction of its governing statute;
b. The name of the domesticated company after domestication and the jurisdiction
of its governing statute;
c. The terms and conditions of the domestication, including the manner and basis
for converting interests in the domesticating company into any combination of
money, interests in the domesticated company, and other consideration; and
d. The originating record of the domesticated company.
1. A foreign limited liability company may become a limited liability company pursuant to
this section, sections 10-32.1-67 through 10-32.1-71, and a plan of domestication if:
a. The governing statute of the foreign limited liability company authorizes the
domestication;
b. The domestication is not prohibited by the law of the jurisdiction that enacted the
governing statute; and
c. The foreign limited liability company complies with its governing statute in
effecting the domestication.
2. A limited liability company may become a foreign limited liability company pursuant to
this section, sections 10-32.1-67 through 10-32.1-71, and a plan of domestication if:
a. The governing statute of the foreign limited liability company authorizes the
domestication;
b. The domestication is not prohibited by the law of the jurisdiction that enacted the
governing statute; and
c. The foreign limited liability company complies with its governing statute in
effecting the domestication.
3. A plan of domestication must be in a record and must include:
a. The name of the domesticating company before domestication and the
jurisdiction of its governing statute;
b. The name of the domesticated company after domestication and the jurisdiction
of its governing statute;
c. The terms and conditions of the domestication, including the manner and basis
for converting interests in the domesticating company into any combination of
money, interests in the domesticated company, and other consideration; and
d. The originating record of the domesticated company.
Status: in_force · Read it on the official government site
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