                                 CODE OF VIRGINIA

SURRENDER OF ARTICLES OF INCORPORATION UPON DOMESTICATION (§ 13.1-898.5)

A. Whenever a domestic corporation has adopted and approved, in the manner
required by this article, a plan of domestication providing for the corporation
to be domesticated under the laws of another jurisdiction, the corporation shall
file with the Commission articles of incorporation surrender setting forth:

   1. The name of the corporation;

   2. The jurisdiction in which the corporation is to be domesticated and the
   name of the corporation upon its domestication under the laws of that
   jurisdiction;

   3. The plan of domestication;

   4. A statement that the articles of incorporation surrender are being filed in
   connection with the domestication of the corporation as a foreign corporation
   to be incorporated under the laws of another jurisdiction and that the
   corporation is surrendering its charter under the laws of the Commonwealth;

   5. Where the members of the corporation have voting rights, a statement:
   				a. That the plan was adopted by the unanimous consent of the members; or
   				b. That the plan was submitted to the members by the board of directors in
   accordance with this Act, and a statement of:

      1. The existence of a quorum of each voting group entitled to vote
      separately on the plan; and

      2. Either the total number of votes cast for and against the plan by each
      voting group entitled to vote separately on the plan or the total number of
      undisputed votes cast for the plan separately by each voting group and a
      statement that the number cast for the plan by each voting group was
      sufficient for approval by that voting group;

   6. Where the corporation has no members, or no members having voting rights,
   then a statement of that fact, the date of the meeting of the board of
   directors at which the plan was adopted and a statement of the fact that such
   plan received the vote of a majority of the directors in office;

   7. A statement that the corporation revokes the authority of its registered
   agent to accept service on its behalf and appoints the clerk of the Commission
   as its agent for service of process in any proceeding based on a cause of
   action arising during the time it was incorporated in the Commonwealth;

   8. A mailing address to which the clerk may mail a copy of any process served
   on the clerk under subdivision 7; and

   9. A commitment by the corporation to notify the clerk of the Commission in
   the future of any change in the mailing address of the corporation.

B. If the Commission finds that the articles of incorporation surrender comply
with the requirements of law and that all required fees have been paid, it shall
issue a certificate of incorporation surrender.

C. The corporation shall automatically cease to be a domestic corporation when
the certificate of incorporation surrender becomes effective.

D. If the former domestic corporation intends to continue to transact business
in the Commonwealth, then, within 30 days after the effective date of the
certificate of incorporation surrender, it shall deliver to the Commission an
application for a certificate of authority to transact business in the
Commonwealth pursuant to &#xA7; 13.1-921 together with a copy of its instrument
of domestication and articles of incorporation and all amendments thereto, duly
authenticated by the Secretary of State or other official having custody of
corporate records in the state or country under whose laws it is incorporated or
domesticated.

E. Service of process on the clerk of the Commission is service of process on a
former domestic corporation that has surrendered its charter pursuant to this
section. Service on the clerk shall be made in accordance with &#xA7; 12.1-19.1
and service on the former domestic corporation may be made in any other manner
permitted by law.

HISTORY: 2003, c. 374; 2007, c. 925; 2015, c. 623.