30-18-502 PLAN OF DOMESTICATION. - Idaho Statutes

TITLE 30

CORPORATIONS

CHAPTER 18

IDAHO ENTITY TRANSACTIONS ACT

PART 5

DOMESTICATION

30-18-502. Plan of domestication. (1) 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:

(a) The name and type of the domesticating entity;

(b) The name and jurisdiction of organization of the domesticated entity;

(c) The manner of converting the interests in the domesticating entity into interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of the foregoing;

(d) The proposed public organic document of the domesticated entity if it is a filing entity;

(e) The full text of the private organic rules of the domesticated entity that are proposed to be in a record;

(f) The other terms and conditions of the domestication; and

(g) Any other provision required by the law of this state or the organic rules of the domesticating entity.

(2) A plan of domestication may contain any other provision not prohibited by law.