Mississippi Senate Bill 2327 amends the requirements for conversion and domestication.
Effective Date: July 1, 2017
The bill makes the following amendments:
- Adds a director of a domestic or foreign corporation as an individual authorized to sign a conversion or domestication
- Requires a correction to a filed document be made within 120 days of filing
- Restricts a charitable organization as defined in Section 79-11-501 from converting under Article 4 of this section
- Requires a copy of the filed domestication documents from the new jurisdiction as an attachment if the domesticated entity is a foreign entity
- Requires a certificate of good standing or certificate of existence from its jurisdiction of formation that is issued less than one hundred eighty (180) days before filing if the domesticated entity is a domestic entity
Navigate using the below link to view the entire bill and/or contact the CLASCORP™ team for further information:
http://billstatus.ls.state.ms.us/documents/2017/pdf/SB/2300-2399/SB2327SG.pdf