Current through codified legislation effective October 30, 2024
Section 29-204.02 - Plan of conversion(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) The name and type of the converting entity;(2) The name, jurisdiction of formation, and type of entity of the converted entity;(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) The proposed public organic record of the converted entity if it will be a filing entity;(5) The full text of the private organic rules of the converted entity that are proposed to be in a record;(6) The other terms and conditions of the conversion; and(7) Any other provision required by the law of the District or the organic rules of the converting entity.(b) A plan of conversion may contain any other provision not prohibited by law.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.Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.