§ 7-12.1-1151. Domestication authorized. [Effective January 1, 2023.]
(a) By complying with this part, a domestic limited liability partnership may become a foreign limited liability partnership if the domestication is authorized by the law of the foreign jurisdiction.
(b) By complying with the provisions of this part applicable to foreign limited liability partnerships, a foreign limited liability partnership may become a domestic limited liability partnership if the domestication is authorized by the law of the foreign limited liability partnership’s jurisdiction of formation.
(c) If a protected agreement contains a provision that applies to a merger of a domestic limited liability partnership but does not refer to a domestication, the provision applies to a domestication of the limited liability partnership as if the domestication were a merger until the provision is amended after January 1, 2023.
History of Section.P.L. 2022, ch. 123, § 2, effective January 1, 2023; P.L. 2022, ch. 124, § 2, effective January 1, 2023.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-12.1 - Uniform Partnership Act [Effective January 1, 2023.]
Article 11 - Merger, Interest Exchange, Conversion, and Domestication [Effective January 1, 2023.]
Part 5 - Domestication [Effective January 1, 2023.]
Section 7-12.1-1151. - Domestication authorized. [Effective January 1, 2023.]
Section 7-12.1-1152. - Plan of domestication. [Effective January 1, 2023.]
Section 7-12.1-1153. - Approval of domestication. [Effective January 1, 2023.]
Section 7-12.1-1156. - Effect of domestication. [Effective January 1, 2023.]