Sec. 10.102. CONVERSION OF NON-CODE ORGANIZATIONS. (a) A non-code organization may convert into a domestic entity by adopting a plan of conversion as provided by this section.
(b) To effect a conversion, the non-code organization must take any action that may be required for a conversion under the laws of the organization's jurisdiction of formation and the organization's governing documents.
(c) The conversion must be permitted by the laws under which the non-code organization is incorporated or organized or by its governing documents, which may not be inconsistent with the laws of the jurisdiction in which the non-code organization is incorporated or organized.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 10 - Mergers, Interest Exchanges, Conversions, and Sales of Assets
Section 10.101. Conversion of Domestic Entities
Section 10.102. Conversion of Non-Code Organizations
Section 10.1025. Conversion and Continuance
Section 10.103. Plan of Conversion: Required Provisions
Section 10.104. Plan of Conversion: Permissive Provisions
Section 10.105. Effectiveness of Conversion
Section 10.106. General Effect of Conversion
Section 10.107. Special Provisions Applying to Partnership Conversions
Section 10.109. Special Provisions Applying to Conversion and Continuance