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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>70179</law_id><section_number>13.1-898.2</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="10">Virginia Nonstock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="11.1">Domestication</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A <span class="dictionary">foreign corporation</span> may become a <span class="dictionary">domestic corporation</span> if the <span class="dictionary">laws</span> of the <span class="dictionary">jurisdiction</span> in which the <span class="dictionary">foreign corporation</span> is incorporated authorize it to domesticate in another <span class="dictionary">jurisdiction</span>. The <span class="dictionary">laws</span> of the Commonwealth shall govern the effect of domesticating in the Commonwealth pursuant to this article. <a id="paragraph-253433" class="section-permalink" href="https://vacode.org/13.1-898.2/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> A <span class="dictionary">domestic corporation</span> not required by <span class="dictionary">law</span> to be a <span class="dictionary">domestic corporation</span> may become a <span class="dictionary">foreign corporation</span> if the <span class="dictionary">jurisdiction</span> in which the corporation intends to domesticate allows for the <span class="dictionary">domestication</span>. Regardless of whether the <span class="dictionary">laws</span> of the foreign <span class="dictionary">jurisdiction</span> require the adoption of a plan of <span class="dictionary">domestication</span>, the <span class="dictionary">domestication</span> shall be approved in the manner provided in this article. The <span class="dictionary">laws</span> of the <span class="dictionary">jurisdiction</span> in which the corporation domesticates shall govern the effect of domesticating in that <span class="dictionary">jurisdiction</span>. <a id="paragraph-253434" class="section-permalink" href="https://vacode.org/13.1-898.2/#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 set forth: <a id="paragraph-253435" class="section-permalink" href="https://vacode.org/13.1-898.2/#C"><i class="fa fa-link"/></a></p></section>
						<section id="C1" class="indent-1"><p><span class="prefix-number">1.</span> A statement of the <span class="dictionary">jurisdiction</span> in which the corporation is to be domesticated; <a id="paragraph-253436" class="section-permalink" href="https://vacode.org/13.1-898.2/#C1"><i class="fa fa-link"/></a></p></section>
						<section id="C2" class="indent-1"><p><span class="prefix-number">2.</span> The terms and conditions of the <span class="dictionary">domestication</span>; and <a id="paragraph-253437" class="section-permalink" href="https://vacode.org/13.1-898.2/#C2"><i class="fa fa-link"/></a></p></section>
						<section id="C3" class="indent-1"><p><span class="prefix-number">3.</span> For a <span class="dictionary">foreign corporation</span> that is to become a <span class="dictionary">domestic corporation</span>, as a referenced <span class="dictionary">attachment</span>, amended and restated <span class="dictionary">articles of incorporation</span> that comply with the requirements of &#xA7; <a class="law" title="Articles of incorporation" href="/13.1-819/">13.1-819</a> as they will be in effect upon consummation of the <span class="dictionary">domestication</span>. <a id="paragraph-253438" class="section-permalink" href="https://vacode.org/13.1-898.2/#C3"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> The plan of <span class="dictionary">domestication</span> may include any other provision relating to the <span class="dictionary">domestication</span>. <a id="paragraph-253439" class="section-permalink" href="https://vacode.org/13.1-898.2/#D"><i class="fa fa-link"/></a></p></section>
						<section id="E"><p><span class="prefix-number">E.</span> The plan of <span class="dictionary">domestication</span> may also include a provision that the <span class="dictionary">board of directors</span> may <span class="dictionary">amend</span> the plan at any time prior to issuance of the certificate of <span class="dictionary">domestication</span> or such other <span class="dictionary">document</span> required by the <span class="dictionary">laws</span> of the other <span class="dictionary">jurisdiction</span> to consummate the <span class="dictionary">domestication</span>. Where a plan of <span class="dictionary">domestication</span> is required to be submitted to the <span class="dictionary">members</span> for their approval, an amendment made subsequent to the submission of the plan to the <span class="dictionary">members</span> of the corporation shall not alter or change any of the terms or conditions of the plan if such alteration or change would adversely affect the <span class="dictionary">members</span> of any class of the corporation. <a id="paragraph-253440" class="section-permalink" href="https://vacode.org/13.1-898.2/#E"><i class="fa fa-link"/></a></p></section></text><history>2003, c. 374; 2007, c. 925; 2012, c. 130.</history><metadata></metadata></law>
