Title 14, Chapter 2, Section 1540
( 14-2-1540)
(a) A foreign corporation which prior to April 1, 1969, has
domesticated in this state under the procedure available prior to
that date and which is a domesticated foreign corporation on that
date shall have perpetual duration as a domesticated foreign
corporation of this state unless its existence is terminated in its
jurisdiction of incorporation or its domesticated status is
dissolved in accordance with the provisions of this chapter relating
to involuntary dissolution or until such time as it withdraws from
this state in the manner provided in this chapter. Such
domesticated foreign corporations and the shareholders thereof shall
have all the rights, privileges, and immunities, and be subject to
all the duties, liabilities, and disabilities applicable to similar
corporations organized under the laws of this state and applicable
to the shareholders thereof, except as may be provided with respect
to such domesticated foreign corporations by any of the laws of this
state existing on April 1, 1969, or coming into existence
thereafter. (b) Whenever the term "foreign corporation authorized to transact
business in this state" is used in this chapter, it shall be deemed
to include domesticated foreign corporations except where the
context or this chapter otherwise requires. |