Action on plan of domestication by domesticating limited liability company.
A plan of domestication shall be consented to: By all the members if the domesticating company is a limited liability company; and As provided in the domesticating company’s governing statute, if the company is a foreign limited liability company. Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are delivered to the Mayor for filing under § 29-809.08, a domesticating limited liability company may amend the plan or abandon the domestication: As provided in the plan; or Except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.
Annotations
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720 Uniform Law: This section is based on § 1011 of the Uniform Limited Company Act (2006 Act). This section is referenced in § 29-809.06.
Sourced from the DC Council Open Law Library (public domain).
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