Plan of conversion

1. Law
2. Mississippi Code
3. Corporations, Associations, and Partnerships
4. Mississippi Entity Conversion and Domestication Act
5. Conversion
6. Plan of conversion

A domestic entity may convert to a different type of entity under this article by approving a plan of conversion. The plan must be in a record and contain:

1. The name and type of entity of the converting entity;
2. The name, jurisdiction of formation, and type of entity of the converted entity;
3. The manner of converting the interests in the converting entity into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing;
4. The proposed public organic record of the converted entity if it will be a filing entity;
5. The full text of the private organic rules of the converted entity which are proposed to be in a record;
6. The other terms and conditions of the conversion; and
7. Any other provision required by the law of this state or the organic rules of the converting entity.

In addition to the requirements of subsection (a), a plan of conversion may contain any other provision not prohibited by law.

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