Authority for conversion; approval, form and contents of plan of conversion.
1. Except as limited by NRS 78.411 to 78.444, inclusive, one domestic general partnership or one domestic entity, except a domestic nonprofit corporation, may convert into a domestic entity of a different type or a foreign entity if the plan of conversion is approved pursuant to the provisions of this chapter.
2. The plan of conversion must be in writing and set forth the:
(a) Name of the constituent entity and the proposed name for the resulting entity;
(b) Address of the constituent entity and the resulting entity;
(c) Jurisdiction of the law that governs the constituent entity;
(d) Jurisdiction of the law that will govern the resulting entity;
(e) Terms and conditions of the conversion;
(f) Manner and basis of converting the owner’s interest or the interest of a partner in a general partnership of the constituent entity into owner’s interests, rights of purchase and other securities in the resulting entity; and
(g) Full text of the constituent documents of the resulting entity.
3. The plan of conversion may set forth other provisions relating to the conversion.
Last modified: February 26, 2006