Current through P.L. 171-2024
Section 23-0.6-4-2 - Plan of conversion; contents(a) A domestic entity may convert to a different type of entity under this chapter by approving a plan of conversion. The plan must be in a record and contain: (1) the name and type of the converting entity;(2) the name, jurisdiction of organization, and type of the converted entity;(3) the manner of converting the interests in the converting entity into interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of the foregoing;(4) the proposed public organic document of the converted entity if it will be a filing entity;(5) the full text of the private organic rules of the converted entity that are proposed to be in a record;(6) the other terms and conditions of the conversion; and(7) any other provision required by the law of this state or the organic rules of the converting entity.(b) A plan of conversion may contain any other provision not prohibited by law.Added by P.L. 118-2017,SEC. 6, eff. 1/1/2018.