Section 4-38-1032 - Plan of interest exchange(a) A domestic limited liability company may be the acquired entity in an interest exchange under this part by approving a plan of interest exchange. The plan must be in a record and contain:(1) the name of the acquired entity;(2) the name, jurisdiction of formation, and type of entity of the acquiring entity;(3) the manner of converting the interests in the acquired entity into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing;(4) any proposed amendments to: (A) the certificate of organization of the acquired entity; and(B) the operating agreement of the acquired entity that are, or are proposed to be, in a record;(5) the other terms and conditions of the interest exchange; and(6) any other provision required by the law of this state or the operating agreement of the acquired entity.(b) In addition to the requirements of subsection (a), a plan of interest exchange may contain any other provision not prohibited by law.Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021.