17-78-401. Conversion authorized.
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17-78-401. Conversion authorized.
(a)Except as otherwise provided in this section, by complying with K.S.A. 17-78-401 through 17-78-406 , and amendments thereto, a domestic entity may become:
(1)A domestic entity of a different type; or
(2)a foreign entity of a different type, if the conversion is authorized by the law of the foreign jurisdiction.
(b)Except as otherwise provided in this section, by complying with the provisions of K.S.A. 17-78-401 through 17-78-406 , and amendments thereto, applicable to foreign entities a foreign entity may become a domestic entity of a different type if the conversion is authorized by the law of the foreign entity's jurisdiction of organization.
(c)If a protected agreement contains a provision that applies to a merger of a domestic entity but does not refer to a conversion, the provision applies to a conversion of the entity as if the conversion were a merger until the provision is amended after the effective date of this act.