Amendment, as modified, sought to treat a foreign corporation which acquires a domestic corporation as being incorporated in the State where the domestic corporation was organized.

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Amendment Number
439
Description
Amendment, as modified, sought to treat a foreign corporation which acquires a domestic corporation as being incorporated in the State where the domestic corporation was organized.
Purpose
An amendment to treat a foreign corporation which acquires a domestic corporation in a corporate repatriation transaction as being incorporated in the state under whoses laws the acquired domestic corporation was organized. Ensures that a company cannot have a state class action removed to federal court merely by changing its place of incorporation abroad.
Congress
107
Type
HAMDT
Latest Action Date
Mar 13, 2002
Latest Action Text
On agreeing to the Conyers amendment (A005) as modified Failed by recorded vote: 202 - 223 (Roll No. 58).
Latest Action Time
15:42:53
Submitted Date
Mar 13, 2002
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 439 — Informed