1. (a) Upon compliance with Section 101.628, a registered series of a domestic limited liability company may convert to a protected series of the domestic limited liability company by filing a certificate of conversion that complies with Section 101.631 with the secretary of state in accordance with and taking effect as a filing instrument as specified by Chapter 4.

2. (b) Upon compliance with Section 101.628, a protected series of a domestic limited liability company may convert to a registered series of the domestic limited liability company by filing simultaneously with the secretary of state in accordance with, and taking effect as a filing instrument as specified by, Chapter 4:

   1. (1) a certificate of conversion that complies with Section 101.631; and
   2. (2) a certificate of registered series as provided by Section 101.623.
3. (c) An existing registered series may not become a protected series except as provided by Subsection (a) and Sections 101.628 through 101.632.

4. (d) For purposes of this section and Sections 101.628 through 101.632:

   1. (1) "Conversion" means the continuation of:

      1. (A) a registered series as a protected series; or
      2. (B) a protected series as a registered series.
   2. (2) "Converted series" means a registered series or protected series resulting from a conversion of, respectively, a protected series or registered series, of a domestic limited liability company.
   3. (3) "Converting series" means a registered series or protected series before a conversion of that series.
   4. (4) "Plan of conversion" means a document that conforms with the requirements of Section 101.628.

Added by Acts 2021, 87th Leg., R.S., Ch. 43 (S.B. 1523), Sec. 1, eff. June 1, 2022.

Acts 2023, 88th Leg., R.S., Ch. 27 (S.B. 1514), Sec. 46, eff. September 1, 2023.