1. (a) 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:

   1. (1) The name and type of the converting entity;
   2. (2) The name, jurisdiction of formation, and type of entity of the converted entity;
   3. (3) 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;
   4. (4) The proposed public organic record of the converted entity if it will be a filing entity;
   5. (5) The full text of the private organic rules of the converted entity that are proposed to be in a record;
   6. (6) The other terms and conditions of the conversion; and
   7. (7) Any other provision required by the law of the District or the organic rules of the converting entity.
2. (b) A plan of conversion may contain any other provision not prohibited by law.

History

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720

Mar. 5, 2013, D.C. Law 19-210, § 2(b)(18), 59 DCR 13171

Editor's Notes

Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.

Effect of Amendments

The 2013 amendment by D.C. Law 19-210 substituted “formation, and type of entity” for “organization and type” in (a)(2); substituted “money” for “cash” in (a)(3); and substituted “record” for “document” in (a)(4).

Section References

This section is referenced in § 29-201.02 and § 29-1001.09.