§ 57D-9-32. Articles of conversion.

396 words·~2 min read·/nc/chapter-57d/57d-9-32

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)After a plan of conversion has been approved by the converting LLC as provided in G.S. 57D-9-31, the converting LLC shall deliver articles of conversion to the Secretary of State for filing. The articles of conversion must contain the following information:

(1)The name of the converting LLC immediately before the conversion.

(2)The name the surviving entity will have, the type of entity it will be, and the jurisdiction whose law will govern its organization and internal affairs upon the conversion becoming effective.

(3)The mailing address of the converting LLC immediately before the conversion and, if different, the mailing address the surviving entity will have when the conversion becomes effective.

(4)A statement that a plan of conversion has been approved by the converting LLC as required by law.

(5)If the surviving entity is not authorized to transact business in this State, a statement that the surviving entity

(i)consents to service of process in any proceeding based on any cause of action arising in respect of the converting LLC being made on the surviving entity by service on the Secretary of State and

(ii)commits to deliver to the Secretary of State for filing a statement of any change in the surviving entity's mailing address to which the Secretary of State may mail a copy of process served on the Secretary of State.

(b)If the converting LLC is converting to an eligible entity whose formation, or whose status as a registered limited liability partnership as defined in G.S. 59-32, requires the filing of a document by the Secretary of State, then notwithstanding subsection

(a)of this section, that document must be delivered to and filed by the Secretary of State with the articles of conversion.

(c)If the plan of conversion is abandoned after the articles of conversion have been filed by the Secretary of State, but before the articles of conversion become effective, the converting LLC must deliver to the Secretary of State for filing prior to the time the articles of conversion become effective an amendment of the articles of conversion withdrawing the articles of conversion.

(d)The conversion takes effect in accordance with the law that will govern the organization and internal affairs of the surviving entity.

(e)Certificates of conversion must be registered as provided in G.S. 47-18.1. (2013-157, s. 2.)