Sec. 2. (a) A domestic entity may be the acquired entity in an interest exchange under this article by approving a plan of interest exchange. The plan must be in a record and contain: (1) the name and type of the acquired entity; (2) the name, jurisdiction of organization, and type of the acquiring entity; (3) 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; (4) 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; (5) the other terms and conditions of the interest exchange; and (6) any other provision required by the law of this state or the organic rules of the acquired entity. (b) A plan of interest exchange may contain any other provision not prohibited by law.
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