An eligible entity other than an LLC may convert to an LLC if both of the following requirements are met:
(1) The conversion is permitted by the law governing the organization and internal affairs of the converting entity.
(2) The converting entity complies with the requirements of this Part and, to the extent applicable, the law governing its organization and internal affairs immediately before the conversion. (2013-157, s. 2.)
Last modified: March 23, 2014