The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
010
:
CONVERSION, MERGER, AND DOMESTICATION
(Cite as: 11 V.S.A. § 4152)
-
§ 4152. Domestication
(a) A foreign limited liability company may become a limited liability company pursuant
to this section, sections 4153 through 4155 of this title, and a plan of domestication, if:
(1) the foreign limited liability company’s governing statute authorizes the domestication;
(2) the domestication is not prohibited by the law of the jurisdiction that enacted the
governing statute; and
(3) the foreign limited liability company complies with its governing statute in effecting
the domestication.
(b) A limited liability company may become a foreign limited liability company pursuant
to this section, sections 4153 through 4155 of this title, and a plan of domestication, if:
(1) the foreign limited liability company’s governing statute authorizes the domestication;
(2) the domestication is not prohibited by the law of the jurisdiction that enacted the
governing statute; and
(3) the foreign limited liability company complies with its governing statute in effecting
the domestication.
(c) A plan of domestication shall be in a record and shall include:
(1) the name of the domesticating company before domestication and the jurisdiction of
its governing statute;
(2) the name of the domesticated company after domestication and the jurisdiction of its
governing statute;
(3) the terms and conditions of the domestication, including the manner and basis for
converting interests in the domesticating company into any combination of money, interests
in the domesticated company, and other consideration; and
(4) the organizational documents of the domesticated company that are, or are proposed
to be, in a record. (Added 2015, No. 17, § 2.)