30-22-402. PLAN OF CONVERSION.
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/id/title-30-corporations/chapter-22-entity-transactions/30-22-402·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A domestic entity may convert to a different type of entity under this part by approving a plan of conversion. The plan must be in a record and contain:
(1)The name and type of entity of the converting entity;
(2)The name, jurisdiction of formation, and type of entity of the converted entity;
(3)The manner of converting the interests in the converting entity into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing;
(4)The proposed public organic record of the converted entity if it will be a filing entity;
(5)The full text of the private organic rules of the converted entity that are proposed to be in a record;
(6)The other terms and conditions of the conversion; and
(7)Any other provision required by the law of this state or the organic rules of the converting entity.
(b)In addition to the requirements of subsection
(a)of this section, a plan of conversion may contain any other provision not prohibited by law.