1. (1) After the owners approve a conversion, the converting business entity shall:

   1. (a) File articles of conversion that state the name and type of business entity that existed before conversion and the name and type of business entity that will exist after conversion; and

   2. (b) File a plan of conversion or, in lieu of a plan of conversion, a written declaration that:

      1. (A) Identifies an address for an office of the converted entity where the plan of conversion is on file; and
      2. (B) States that the converted entity will provide any owner with a copy of the plan of conversion upon request and at no cost.

2. (2) The conversion takes effect on the latest of:

   1. (a) The time and date on which the articles of conversion are filed;
   2. (b) The time and date on which any additional filing requirements imposed pursuant to the statutes that govern the surviving business entity are satisfied; or
   3. (c) On the delayed effective date and time set forth in the filings.

[1999 c.362 §59; 2001 c.315 §11; 2015 c.28 §10]