A domestic limited partnership may convert to a different type of entity under this section and §§ 61-3-1112 – 61-3-1115 by approving a plan of conversion. The plan must be in a record and contain:
The name of the converting limited partnership;
The name, jurisdiction of formation, and type of entity of the converted entity;
The manner of converting the interests in the converting limited partnership into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing;
The proposed public organic record of the converted entity if it will be a filing entity;
The private organic rules of the converted entity that are proposed to be in a record when the conversion is effective;
Any other terms and conditions of the conversion not otherwise set forth in the private organic rules of the converting limited partnership or the law of this state; and
Any other provision required by the law of this state or the partnership agreement of the converting limited partnership.
In addition to the requirements of subsection (a), a plan of conversion may contain any other provision not prohibited by law.
