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Searching 2019-2020 Session

The Vermont Statutes Online

 

Title 11 : Corporations, Partnerships and Associations

Chapter 025 : LIMITED LIABILITY COMPANIES

Subchapter 010 : CONVERSION, MERGER, AND DOMESTICATION

(Cite as: 11 V.S.A. § 4153)
  • § 4153. Action on plan of domestication by domesticating limited liability company

    (a) A plan of domestication shall be consented to:

    (1) by all the members, subject to section 4156 of this title, 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.

    (b) Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are delivered to the Secretary of State for filing under section 4154 of this title, 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. (Added 2015, No. 17, § 2.)