(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 §§ 4-47-1103 through 4-47-1105 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.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Chapter 47 - Uniform Limited Partnership Act (2001)
Subchapter 11 - Conversion and Merger
§ 4-47-1103. Action on plan of conversion by converting limited partnership
§ 4-47-1104. Filings required for conversion — Effective date
§ 4-47-1105. Effect of conversion
§ 4-47-1107. Action on plan of merger by constituent limited partnership
§ 4-47-1108. Filings required for merger — Effective date
§ 4-47-1111. Liability of general partner after conversion or merger