Mississippi Senate Bill 2327 was signed by Mississippi Governor Phil Bryant on March 8, 2017. MS SB2327 amends the requirements for conversion and domestication. 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
The bill becomes effective July 1, 2017.
Navigate using the below link to view the entire bill: