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Many of our clients are situated in places around the world. The restrictions on joint venture in Mexico in the past have been the Foreign Investment policy, Industrial Development policy and certain practical effects in the country. If the corporation has no members, the designation of each person who is to become a member of the limited liability company upon conversion, provided that no person shall be designated as a member of the resulting entity without the person's prior consent; 4.
Pages: 886
Publisher: Aspen Publishers; Lslf edition (December 31, 1995)
ISBN: 0735536902
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Section 7105 is referred to in section 351 of this title. § 7106. Election of an existing nonprofit corporation to become a cooperative corporation. (a) General rule.--Any nonprofit corporation not organized on the cooperative principle may become a nonprofit cooperative corporation under this chapter by: (1) Adopting a plan of conversion adjusting its affairs so as to comply with the requirements of this chapter applicable to cooperative corporations. (2) Filing articles of amendment which shall contain, in addition to the requirements of section 5915 (relating to articles of amendment): (i) A statement that the corporation elects to become a cooperative corporation. (ii) The provisions required by section 7102(a) (relating to cooperative corporations generally) to be set forth in the articles of a cooperative corporation. (iii) Such other changes, if any, that may be desired in the articles. (b) Procedure.--The plan of conversion of the corporation into a cooperative corporation (which plan shall include the amendment of the articles required by subsection (a)) shall be adopted in accordance with the requirements of Subchapter B of Chapter 59 (relating to amendment of articles) except that: (1) The members of every class shall be entitled to vote on the plan regardless of any limitations stated in the articles or bylaws, or in a document evidencing membership, on the voting rights of any class. (2) The plan must be approved by two-thirds of the votes cast by the members of each class. (3) The plan shall not impose any additional liability upon any existing patron of the business of the corporation, whether or not that person becomes a member of the corporation pursuant to the plan, unless the patron expressly assumes such liability. 1990 Amendment Suriname Company Laws and Regulations Handbook (World Law Business Library)
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http://old.gorvestnik.ru/library/e-uropean-corporate-law. Business combination statutes place a moratorium on certain transactions between a target company and a shareholder who owns a specified percentage of stock, unless the target company's board of directors approved, in advance, either the transaction or the shareholder's acquisition of the stock Limited Liability Company & Partnership Answer Book (The Panel answer book series)
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