Okla. Stat. tit. 54, § 54-500-1102A
This is the official text of Okla. Stat. tit. 54, § 54-500-1102A, 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
Official statutory text
CONVERSION.
(a) An organization other than a limited partnership may
convert to a limited partnership, and a limited partnership may
convert to another organization pursuant to this section and
Sections 90 through 92 of this act 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; and
(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.
(a) An organization other than a limited partnership may
convert to a limited partnership, and a limited partnership may
convert to another organization pursuant to this section and
Sections 90 through 92 of this act 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; and
(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.
Status: in_force · Read it on the official government site
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