§ 29-205.01 — Domestication authorized.

District of Columbia § 29-205.01

• Jurisdiction: District of Columbia
• Title 29: Business Organizations. [Enacted title]
• Ch. 2: Entity Transactions.
• Subch. V: Domestication.

Text

(a) Except as otherwise provided in this section, by complying with this subchapter, a domestic entity may become a domestic entity of the same type in a foreign jurisdiction if the domestication is authorized by the law of the foreign jurisdiction.

(b) Except as otherwise provided in this section, by complying with the provisions of this subchapter applicable to foreign entities, a foreign entity may become a domestic entity of the same type in the District if the domestication is authorized by the law of the foreign entity’s jurisdiction of formation.

(c) If a protected agreement contains a provision that applies to a merger of a domestic entity but does not refer to a domestication, the provision shall apply to a domestication of the entity as if the domestication were a merger until the provision is amended after the effective date of this chapter.

(d) This subchapter does not apply to the domestication of the following entities:

(1) A business corporation subject to subchapter VII of Chapter 3 of this title ;

(2) A nonprofit corporation subject to subchapter VII of Chapter 4 of this title ; or

(3) A limited liability company subject to subchapter IX of Chapter 8 of this title .

Legislative History

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(b)(23), 59 DCR 13171