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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>73249</law_id><section_number>13.1-722.2</section_number><catch_line>Domestication</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="9">Virginia Stock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="12.1">Mergers and Share Exchanges</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> By complying with the provisions of this article applicable to <span class="dictionary">foreign corporations</span>, a <span class="dictionary">foreign corporation</span> may become a <span class="dictionary">domestic corporation</span> if the <span class="dictionary">domestication</span> is permitted by the <span class="dictionary">organic law</span> of the <span class="dictionary">foreign corporation</span>. <a id="paragraph-263658" class="section-permalink" href="https://vacode.org/13.1-722.2/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> By complying with the provisions of this article, a <span class="dictionary">domestic corporation</span> not required by law to be a <span class="dictionary">domestic corporation</span> may become a <span class="dictionary">foreign corporation</span> pursuant to a plan of <span class="dictionary">domestication</span> if the <span class="dictionary">domestication</span> is permitted by the <span class="dictionary">organic law</span> of the <span class="dictionary">foreign corporation</span> resulting from the <span class="dictionary">domestication</span>. <a id="paragraph-263659" class="section-permalink" href="https://vacode.org/13.1-722.2/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> The plan of <span class="dictionary">domestication</span> shall include: <a id="paragraph-263660" class="section-permalink" href="https://vacode.org/13.1-722.2/#C"><i class="fa fa-link"/></a></p></section>
						<section id="C1" class="indent-1"><p><span class="prefix-number">1.</span> The <span class="dictionary">jurisdiction of formation</span> and name of the <span class="dictionary">domesticating corporation</span>; <a id="paragraph-263661" class="section-permalink" href="https://vacode.org/13.1-722.2/#C1"><i class="fa fa-link"/></a></p></section>
						<section id="C2" class="indent-1"><p><span class="prefix-number">2.</span> The name and <span class="dictionary">jurisdiction of formation</span> of the <span class="dictionary">domesticated corporation</span>; <a id="paragraph-263662" class="section-permalink" href="https://vacode.org/13.1-722.2/#C2"><i class="fa fa-link"/></a></p></section>
						<section id="C3" class="indent-1"><p><span class="prefix-number">3.</span> The manner and basis of reclassifying the <span class="dictionary">shares</span> and any rights to acquire <span class="dictionary">shares</span> of the <span class="dictionary">domesticating corporation</span> into <span class="dictionary">shares</span> or other securities, obligations, rights to acquire <span class="dictionary">shares</span> or other securities, cash, other property, or any combination of the foregoing, if any; <a id="paragraph-263663" class="section-permalink" href="https://vacode.org/13.1-722.2/#C3"><i class="fa fa-link"/></a></p></section>
						<section id="C4" class="indent-1"><p><span class="prefix-number">4.</span> If the <span class="dictionary">domesticated corporation</span> will be a <span class="dictionary">domestic corporation</span>, (i) the proposed amended and restated <span class="dictionary">articles of incorporation</span> of the <span class="dictionary">domesticated corporation</span> that satisfy the requirements of &#xA7; <a class="law" title="Articles of incorporation" href="/13.1-619/">13.1-619</a>, provided that provisions not required to be included in restated <span class="dictionary">articles of incorporation</span> may be omitted, and (ii) the proposed bylaws of the <span class="dictionary">domesticated corporation</span>, which shall not be included with the articles of <span class="dictionary">domestication</span> delivered to the <span class="dictionary">Commission</span> for filing; and <a id="paragraph-263664" class="section-permalink" href="https://vacode.org/13.1-722.2/#C4"><i class="fa fa-link"/></a></p></section>
						<section id="C5" class="indent-1"><p><span class="prefix-number">5.</span> The other terms and conditions of the <span class="dictionary">domestication</span>. <a id="paragraph-263665" class="section-permalink" href="https://vacode.org/13.1-722.2/#C5"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> In addition to the requirements of subsection C, a plan of <span class="dictionary">domestication</span> may contain any other provision not prohibited by law. <a id="paragraph-263666" class="section-permalink" href="https://vacode.org/13.1-722.2/#D"><i class="fa fa-link"/></a></p></section>
						<section id="E"><p><span class="prefix-number">E.</span> The terms of a plan of <span class="dictionary">domestication</span> may be made dependent upon <span class="dictionary">facts</span> objectively ascertainable outside the plan in accordance with subsection L of &#xA7; <a class="law" title="Filing requirements" href="/13.1-604/">13.1-604</a>. <a id="paragraph-263667" class="section-permalink" href="https://vacode.org/13.1-722.2/#E"><i class="fa fa-link"/></a></p></section></text><history>2001, c. 545; 2002, c. 1; 2012, c. 130; 2019, c. 734.</history><metadata></metadata></law>
