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Current as of January 01, 2024 | Updated by FindLaw Staff
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, 1 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, 2 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.
Cite this article: FindLaw.com - New Jersey Statutes Title 42. Partnerships and Partnership Associations 42 § 2C-83 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-42-partnerships-and-partnership-associations/nj-st-sect-42-2c-83/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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