§ 11.06.
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/vt/11-06A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 11.06. Statement of conversion; effective date of conversion
(a)A converting organization shall sign a statement of conversion and deliver it to the Secretary of State for filing.
(b)A statement of conversion shall contain:
(1)the name, jurisdiction of formation, and type of organization prior to the conversion;
(2)the name, jurisdiction of formation, and type of organization following the conversion;
(3)if the converting organization is a domestic organization, a statement that the organization approved the plan of conversion in accordance with the provisions of this chapter, or, if the converting organization is a foreign organization, a statement that the organization approved the conversion in accordance with its governing statute; and
(4)the public organizational documents of the converted organization.
(c)A statement of conversion may contain any other provision not prohibited by law.
(d)If the converted organization is a domestic organization, its public organizational documents, if any, shall comply with the law of this State.
(e)(1) If a converted organization is a domestic corporation, its conversion takes effect when the statement of conversion takes effect.
(2)If a converted organization is not a domestic corporation, its conversion takes effect on the later of:
(A)the date and time provided by its governing statute; or
(B)when the statement of conversion takes effect. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994; amended 2015, No. 157 (Adj. Sess.), § E.1, eff. July 1, 2017.)