Utah § 1a-1005 - Amendment or abandonment of plan of domestication. (Effective 10/1/2026)
Full text of Utah Utah Code § 1a-1005 — Amendment or abandonment of plan of domestication. (Effective 10/1/2026), with citation guidance and answers to common questions.
§ 1a-1005. Amendment or abandonment of plan of domestication. (Effective 10/1/2026)
Effective 10/1/2026 16-1a-1005.
Amendment or abandonment of plan of domestication.
(1)
A domestic domesticating entity may amend a plan of domestication for the domestic domesticating entity:
(a)
in the same manner as the domestic domesticating entity approved the plan of domestication; or
(b)
through the domestic domesticating entity's governors or interest holders in the manner provided in the plan of domestication, if an interest holder that was entitled to vote on or consent to approval of the domestication is entitled to vote on any amendment to the plan of domestication that will change:
(i)
the amount or kind of interests, securities, obligations, money, other property, or rights to acquire interest or securities that an interest holder of the domesticating entity will receive under the plan of domestication;
(ii)
the public organic record, if any, or private organic rules of the domesticated entity that will take effect immediately after the domestication takes effect, except for any change that does not require the approval of the interest holders of the domesticated entity under the domesticated entity's organic law or organic rules; or
(iii)
any other term or condition of the plan, if the change would adversely affect the interest holder in any material respect.
(2)
(a)
After a domestic domesticating entity approves a plan of domestication and before a statement of domestication takes effect, the domestic domesticating entity may abandon the plan of domestication as provided in the plan of domestication.
(b)
Unless prohibited by the plan of domestication, a domestic domesticating entity may abandon the plan of domestication in the same manner as the domestic domesticating entity approved the plan of domestication.
(3)
If a domestic domesticating entity abandons a plan of domestication after delivering a statement of domestication to the division for filing and before the statement of abandonment is effective, the domestic domesticating entity shall:
(a)
sign a statement of abandonment; and
(b)
deliver the signed statement of abandonment to the division for filing before the statement of domestication takes effect.
(4)
A statement of abandonment takes effect on the day and time on which the division files the statement of abandonment and the domestication is abandoned and does not take effect.
(5)
A statement of abandonment shall contain:
(a)
the name of the domesticating entity;
(b)
the day on which the domesticating entity files the statement of domestication with the division; and
(c)
a statement that the domestic domesticating entity abandoned the domestication in accordance with this section.
Section 1a-1005 ("Amendment or abandonment of plan of domestication. (Effective 10/1/2026)") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 1a-1005?
A common citation format is "Utah Code § 1a-1005" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 1a-1005 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
