16-1a-903. Plan of conversion.
189 words·~1 min read·
/ut/title-16/chapter-1a/16-1a-903A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 10/1/2026
16-1a-903. Plan of conversion.
(1)A domestic entity may convert to a different type of entity by approving a plan of conversion.
(2)A domestic entity shall ensure that the plan of conversion is in a record and contains:
(a)the converting entity's name, jurisdiction of formation, and type of entity;
(b)the converted entity's name, jurisdiction of formation, and type of entity;
(c)the manner of converting the interest in the converting entity into interest, securities, obligations, money, other property, or rights to acquire interests or securities;
(d)the proposed public organic record of the converted entity if the converted entity will be a filing entity;
(e)the full text of the private organic rules of the converted entity that are proposed to be in a record;
(f)the other terms and conditions of the conversion; and
(g)any other provision required by the law of this state or the organic rules of the converting entity.
(3)In addition to the requirements of Subsection
(2), a plan of conversion may contain any provision not prohibited by law.
Enacted by Chapter 93 , 2026 General Session