(a) A domestic entity may become a foreign entity in a domestication by approving a plan of domestication. The plan must be in a record and contain: (1) The name and type of entity of the domesticating entity;(2) The name and jurisdiction of formation of the domesticated entity;(3) The manner of converting the interests in the domesticating entity into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing;(4) The proposed public organic record of the domesticated entity if it is a filing entity;(5) The full text of the private organic rules of the domesticated entity that are proposed to be in a record;(6) The other terms and conditions of the domestication; and(7) Any other provision required by the law of this state or the organic rules of the domesticating entity.(b) In addition to the requirements of subsection (a), a plan of domestication may contain any other provision not prohibited by law.Added by Laws, 2014, ch. 399, SB 2322, 27, eff. 1/1/2015.
Mississippi Legal Code