Statutes > Idaho Statutes > TITLE 30 CORPORATIONS > CHAPTER 18 IDAHO ENTITY TRANSACTIONS ACT > PART 4 CONVERSION > 30-18-402 PLAN OF CONVERSION.

30-18-402 PLAN OF CONVERSION.

TITLE 30

CORPORATIONS

CHAPTER 18

IDAHO ENTITY TRANSACTIONS ACT

PART 4

CONVERSION

30-18-402. Plan of conversion. (1) A domestic entity may convert to a different type of entity under this part by approving a plan of conversion. The plan must be in a record and contain:

(a) The name and type of the converting entity;

(b) The name, jurisdiction of organization, and type of the converted entity;

(c) The manner of converting the interests in the converting entity into interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of the foregoing;

(d) The proposed public organic document of the converted entity if it will be a filing entity;

(e) The full text of the private organic rules of the converted entity that are proposed to be in a record;

(f) The other terms and conditions of the conversion; and

(g) Any other provision required by the law of this state or the organic rules of the converting entity.

(2) A plan of conversion may contain any other provision not prohibited by law.