30-22-401. CONVERSION AUTHORIZED. (a) By complying with this part, a domestic entity may become:
(1) A domestic entity that is a different type of entity; or
(2) A foreign entity that is a different type of entity, if the conversion is authorized by the law of the foreign entity’s jurisdiction of formation.
(b) By complying with the provisions of this part applicable to foreign entities, a foreign entity may become a domestic entity that is a different type of entity if the conversion is authorized by the law of the foreign entity’s jurisdiction of formation.
(c) If a protected agreement contains a provision that applies to a merger of a domestic entity but does not refer to a conversion, the provision applies to a conversion of the entity as if the conversion were a merger until the provision is amended after July 1, 2007.
History:
[30-22-401, added 2015, ch. 243, sec. 20, p. 798.]
Structure Idaho Code
Chapter 22 - ENTITY TRANSACTIONS
Section 30-22-401 - CONVERSION AUTHORIZED.
Section 30-22-402 - PLAN OF CONVERSION.
Section 30-22-403 - APPROVAL OF CONVERSION.
Section 30-22-404 - AMENDMENT OR ABANDONMENT OF PLAN OF CONVERSION.
Section 30-22-405 - STATEMENT OF CONVERSION — EFFECTIVE DATE OF CONVERSION.