Other organizations may not convert to a partnership. However, a partnership may convert to another organization pursuant to sections 45 -21-01 through 45-21-07.1 and a plan of conversion, if: 1. The governing statute of the other organization authorizes the conversion; 2. The conversion is not prohibited by the law of the jurisdiction that enacted the governing statute; and 3. The other organization complies with its governing statute in effecting the conversion.
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