Okla. Stat. tit. 54, § 54-1-902
This is the official text of Okla. Stat. tit. 54, § 54-1-902, part of Oklahoma’s Stat. tit. 54, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 54,." Browse the sections below, each linked to its official government source.
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Conversion of organization other than partnership to
Official statutory text
domestic partnership - Conversion of domestic partnership to another
organization.
Conversion of organization other than partnership to domestic
partnership; Conversion of domestic partnership to another
organization.
(a) An organization other than a partnership may convert to a
domestic partnership, and a domestic partnership may convert to
another organization pursuant to this section and Sections 1-903 and
1-904 of this title and a plan of conversion, if:
(1) The other organization’s governing statute authorizes the
conversion;
(2) The conversion is not prohibited by the law of the
jurisdiction that enacted the governing statute; and
(3) The other organization complies with its governing statute
in effecting the conversion.
(b) A plan of conversion must be in a record and must include:
(1) The name and form of the organization before conversion;
(2) The name and form of the organization after conversion;
(3) The terms and conditions of the conversion, including the
manner and basis for converting interests in the converting
organization into any combination of money, interests in the
converted organization, and other consideration; and
(4) The organizational documents of the converted organization.
(c) Subject to Section 1-909 of this title, a plan of
conversion must be consented to by all the partners of a converting
partnership.
(d) Subject to Section 1-909 of this title and any contractual
rights, after a conversion is approved, and at any time before a
Oklahoma Statutes - Title 54. Partnership Page 43
filing is made under Section 1-903 of this title, a converting
partnership may amend the plan or abandon the planned conversion:
(1) As provided in the plan; and
(2) Except as prohibited by the plan, by the same consent as
was required to approve the plan.
organization.
Conversion of organization other than partnership to domestic
partnership; Conversion of domestic partnership to another
organization.
(a) An organization other than a partnership may convert to a
domestic partnership, and a domestic partnership may convert to
another organization pursuant to this section and Sections 1-903 and
1-904 of this title and a plan of conversion, if:
(1) The other organization’s governing statute authorizes the
conversion;
(2) The conversion is not prohibited by the law of the
jurisdiction that enacted the governing statute; and
(3) The other organization complies with its governing statute
in effecting the conversion.
(b) A plan of conversion must be in a record and must include:
(1) The name and form of the organization before conversion;
(2) The name and form of the organization after conversion;
(3) The terms and conditions of the conversion, including the
manner and basis for converting interests in the converting
organization into any combination of money, interests in the
converted organization, and other consideration; and
(4) The organizational documents of the converted organization.
(c) Subject to Section 1-909 of this title, a plan of
conversion must be consented to by all the partners of a converting
partnership.
(d) Subject to Section 1-909 of this title and any contractual
rights, after a conversion is approved, and at any time before a
Oklahoma Statutes - Title 54. Partnership Page 43
filing is made under Section 1-903 of this title, a converting
partnership may amend the plan or abandon the planned conversion:
(1) As provided in the plan; and
(2) Except as prohibited by the plan, by the same consent as
was required to approve the plan.
Status: in_force · Read it on the official government site
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