GroundRules
Minn. Stat. § 322C.1012: ACTION ON PLAN OF DOMESTICATION BY DOMESTICATING LIMITED LIABILITY COMPANY.
Where this section sits in the code
- BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
- CHAPTER 322C. MINNESOTA REVISED UNIFORM LIMITED LIABILITY COMPANY
- MERGER, CONVERSION, AND DOMESTICATION
Subdivision 1. Consent required.
A plan of domestication must be consented to:
(1) by all the members, subject to section 322C.1015, 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.
Subd. 2. Amendment of plan or abandonment of domestication.
Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are filed with the secretary of state under section 322C.1013, 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.
Collected 2026-09-02T22:10:42Z. Source file · JSON