Texas Business Organizations Code

§ 10.103 — PLAN OF CONVERSION: REQUIRED PROVISIONS

BO § 10.103Title 1. GENERAL PROVISIONS · Ch. 10. MERGERS, INTEREST EXCHANGES, CONVERSIONS, AND SALES OF ASSETS · Art. C. CONVERSIONS

Statute text

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(a)A plan of conversion must be in writing and must include:

(1)the name of the converting entity;

(2)the name of the converted entity;

(3)a statement that the converting entity is continuing its existence in the organizational form of the converted entity;

(4)a statement of the type of entity that the converted entity is to be and the converted entity's jurisdiction of formation;

(5)if Sections 10.1025 and 10.109 do not apply, the manner and basis, including use of a formula, of converting the ownership or membership interests of the converting entity into ownership or membership interests of the converted entity;

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Legislative history

Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 16, eff. September 1, 2009. Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748), Sec. 13, eff. September 1, 2011. Acts 2015, 84th Leg., R.S., Ch. 32 (S.B. 860), Sec. 12, eff. September 1, 2015.