A domestic entity may convert to a different type of entity under this subchapter by approving a plan of conversion. The plan shall be in a record and contain: The name and type of the converting entity; The name, jurisdiction of formation, and type of entity of the converted entity; The manner of converting the interests in the converting entity into interests, securities, obligations, rights to acquire interests or securities, money, or other property, or any combination of the foregoing; The proposed public organic record of the converted entity if it will be a filing entity; The full text of the private organic rules of the converted entity that are proposed to be in a record; The other terms and conditions of the conversion; and Any other provision required by the law of the District or the organic rules of the converting entity. A plan of conversion may contain any other provision not prohibited by law.
‹ Prev All District Of Columbia sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.