NRS 92A.105 Authority for conversion; approval, form and contents of plan of conversion.

200 words·~1 min read·/nv/chapter-92a-mergers-conversions-exchanges-and-domestications/92a-105·

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

1. Except as limited by NRS 78.411 to 78.444 , inclusive, one domestic general partnership or one domestic entity, except a domestic nonprofit corporation, may convert into a domestic entity of a different type or into a foreign entity if a plan of conversion is approved pursuant to the provisions of this chapter.

2. The plan of conversion must be in writing and set forth the:

(a)Name of the constituent entity and the proposed name for the resulting entity;

(b)Jurisdiction of the law that governs the constituent entity;

(c)Jurisdiction of the law that will govern the resulting entity;

(d)Terms and conditions of the conversion;

(e)Manner and basis, if any, of converting the owner’s interest of the constituent entity or the interest of a partner in a general partnership that is the constituent entity into owner’s interests, rights of purchase and other securities in the resulting entity or cancelling such owner’s interests in whole or in part; and

(f)Full text of the charter documents of the resulting entity.

3. The plan of conversion may set forth other provisions relating to the conversion.