2013 New Jersey Revised Statutes
Title 42 - PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Section 42:2C-83 - Action on plan of domestication by domesticating limited liability company.


NJ Rev Stat § 42:2C-83 (2013) What's This?

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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