Okla. Stat. tit. 18, § 18-441-1602
This is the official text of Okla. Stat. tit. 18, § 18-441-1602, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Conversion
Official statutory text
CONVERSION.
(a) An entity that is not a limited cooperative association may
convert to a limited cooperative association and a limited
cooperative association may convert to an entity that is not a
limited cooperative association pursuant to this section, Sections
136 through 138 of this act, and a plan of conversion, if:
(1) The other entity’s organic law authorizes the conversion;
(2) The conversion is not prohibited by the law of the
jurisdiction that enacted the other entity’s organic law; and
(3) The other entity complies with its organic law in effecting
the conversion.
(b) A plan of conversion must be in a record and must include:
(1) The name and form of the entity before conversion;
(2) The name and form of the entity after conversion;
(3) The terms and conditions of the conversion, including the
manner and basis for converting interests in the converting entity
into any combination of money, interests in the converted entity,
and other consideration; and
(4) The organizational documents of the proposed converted
entity.
(a) An entity that is not a limited cooperative association may
convert to a limited cooperative association and a limited
cooperative association may convert to an entity that is not a
limited cooperative association pursuant to this section, Sections
136 through 138 of this act, and a plan of conversion, if:
(1) The other entity’s organic law authorizes the conversion;
(2) The conversion is not prohibited by the law of the
jurisdiction that enacted the other entity’s organic law; and
(3) The other entity complies with its organic law in effecting
the conversion.
(b) A plan of conversion must be in a record and must include:
(1) The name and form of the entity before conversion;
(2) The name and form of the entity after conversion;
(3) The terms and conditions of the conversion, including the
manner and basis for converting interests in the converting entity
into any combination of money, interests in the converted entity,
and other consideration; and
(4) The organizational documents of the proposed converted
entity.
Status: in_force · Read it on the official government site
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