A domestic entity may be the acquired entity in an interest exchange under this subchapter by approving a plan of interest exchange. The plan shall be in a record and contain: The name and type of entity of the acquired entity; The name, jurisdiction of formation, and type of the acquiring entity; The manner of converting the interests in the acquired entity into interests, securities, obligations, rights to acquire interests or securities, money, or other property, or any combination of the foregoing; Any proposed amendments to the public organic record, if any, or private organic rules that are, or are proposed to be, in a record of the acquired entity; The other terms and conditions of the interest exchange; and Any other provision required by the law of the District or the organic rules of the acquired entity. A plan of interest exchange may contain any other provision not prohibited by law.
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