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.) Section References This section is referenced in § 29-201.02 and § 29-1001.09. ited 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.) Section References This section is referenced in § 29-201.02 and § 29-1001.09. Effect of Amendments The 2013 amendment by D.C. Law 19-210 substituted 'formation, and type of entity' for 'organization and type' in (a)(2); substituted 'money' for 'cash' in (a)(3); and substituted 'record' for 'document' in (a)(4). Editor's Notes Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
District of Columbia Legal Code