A charitable organization as defined in Section 79-11-501 may not convert under this Article 4. By complying with this article, a domestic entity may become: A domestic entity that is a different type of entity; or A foreign entity that is a different type of entity, if the conversion is authorized by the law of […]
A domestic entity may convert to a different type of entity under this article by approving a plan of conversion. The plan must be in a record and contain: The name and type of entity of the converting entity; The name, jurisdiction of formation, and type of entity of the converted entity; The manner of […]
A plan of conversion is not effective unless it has been approved: By a domestic converting entity: In a record, by each interest holder of a domestic converting entity which will have interest holder liability for debts, obligations, and other liabilities that arise after the conversion becomes effective, unless, in the case of an entity […]
A plan of conversion of a domestic converting entity may be amended: In the same manner as the plan was approved, if the plan does not provide for the manner in which it may be amended; or By its governors or interest holders in the manner provided in the plan, but an interest holder that […]
A statement of conversion must be signed on behalf of the converting entity and delivered to the Secretary of State for filing. A statement of conversion must contain: The name, jurisdiction of formation, and type of entity of the converting entity; The name, jurisdiction of formation, and type of entity of the converted entity; If […]
When a conversion becomes effective: The converted entity is: All property of the converting entity continues to be vested in the converted entity without transfer, reversion, or impairment; All debts, obligations, and other liabilities of the converting entity continue as debts, obligations, and other liabilities of the converted entity; Except as otherwise provided by law […]
