- 1. Except as limited by NRS 78.411 to 78.444, inclusive, one domestic general partnership or one domestic entity, except a domestic nonprofit corporation, may convert into a domestic entity of a different type or into a foreign entity if a plan of conversion is approved pursuant to the provisions of this chapter.
2. The plan of conversion must be in writing and set forth the:
- (a) Name of the constituent entity and the proposed name for the resulting entity;
- (b) Jurisdiction of the law that governs the constituent entity;
- (c) Jurisdiction of the law that will govern the resulting entity;
- (d) Terms and conditions of the conversion;
- (e) Manner and basis, if any, of converting the owner’s interest of the constituent entity or the interest of a partner in a general partnership that is the constituent entity into owner’s interests, rights of purchase and other securities in the resulting entity or cancelling such owner’s interests in whole or in part; and
- (f) Full text of the charter documents of the resulting entity.
- 3. The plan of conversion may set forth other provisions relating to the conversion.
(Added to NRS by 2001, 1403; A 2001, 3199; 2003, 3181; 2005, 2200; 2011, 2812)