29-2401. Conversion authorized
A. By complying with this article, a domestic entity may become either of the following:
1. A domestic entity of a different type.
2. A foreign entity of a different type if the conversion is authorized by the law of the foreign jurisdiction.
B. A foreign entity may become a domestic entity of a different type under this article if the conversion is authorized by the law of the foreign entity's jurisdiction of organization.
C. If a protected agreement contains a provision that applies to a merger of a domestic entity but does not refer to a conversion, the provision applies to a conversion of the entity as if the conversion were a merger until the agreement is amended after the effective date of this section.
Section: Previous 29-2301 29-2302 29-2303 29-2304 29-2305 29-2306 29-2307 29-2401 29-2402 29-2403 29-2404 29-2405 29-2406 29-2407 29-2501 NextLast modified: October 13, 2016