Repealed 10/1/2026
244 words·~1 min read·
/ut/title-48/chapter-3a/10-23A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/12/2015
Repealed 10/1/2026
48-3a-1041. Conversion authorized.
(1)As used in Sections 48-3a-1041 through 48-3a-1046 , the term "subject entity" includes a corporation, a business trust or association, a real estate investment trust, a common-law trust, or any other unincorporated business, including a general partnership, a registered limited liability partnership, a limited partnership, a nonprofit corporation, or a foreign company.
(2)A subject entity may convert to a domestic company by complying with Sections 48-3a-1041 through 48-3a-1046 .
(3)By complying with Sections 48-3a-1041 through 48-3a-1046 , a domestic limited liability company may become:
(a)a domestic entity that is a different type of entity; or
(b)a foreign entity that is a different type of entity, if the conversion is authorized by the law of the foreign jurisdiction.
(4)By complying with the provisions of Sections 48-3a-1041 through 48-3a-1046 applicable to foreign entities, a foreign entity that is not a foreign limited liability company may become a domestic limited liability company if the conversion is authorized by the law of the foreign entity's jurisdiction of formation.
(5)If a protected agreement contains a provision that applies to a merger of a domestic limited liability company 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 January 1, 2014.
Repealed by Chapter 93 , 2026 General Session
Amended by Chapter 227 , 2015 General Session