(1) A domestic entity may be the acquired entity in an interest exchange under this part by approving a plan of interest exchange. The plan must be in a record and contain: (a) The name and type of the acquired entity; (b) The name, jurisdiction of organization, and type of the acquiring entity; (c) The manner of converting the interests in the acquired entity into interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of the foregoing; (d) Any proposed amendments to the public organic document or private organic rules that are, or are proposed to be, in a record of the acquired entity; (e) The other terms and conditions of the interest exchange; and (f) Any other provision required by the law of this state or the organic rules of the acquired entity. (2) A plan of interest exchange may contain any other provision not prohibited by law.
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