Current through 2024 Regular Session legislation
Section 70.515 - Articles and plan of conversion(1) After the owners approve a conversion, the converting business entity shall: (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(b) File a plan of conversion or, in lieu of a plan of conversion, a written declaration that: (A) Identifies an address for an office of the converted entity where the plan of conversion is on file; and(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) The conversion takes effect on the latest of:(a) The time and date on which the articles of conversion are filed;(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(c) On the delayed effective date and time set forth in the filings.Amended by 2015 Ch. 28,§ 10, eff. 1/1/2016.1999 c.362 §59; 2001 c.315 §11