Limited Liability Companies

ORS 63.476
Articles and plan of conversion


(1)

After the owners approve a conversion, the converting business entity shall:

(a)

File articles of conversion that state the name and type of business entity that existed before conversion and the name and type of business entity that will exist after conversion; and

(b)

File a plan of conversion or, in lieu of a plan of conversion, a written declaration that:

(A)

Identifies an address for an office of the converted entity where the plan of conversion is on file; and

(B)

States that the converted entity will provide any owner with a copy of the plan of conversion upon request and at no cost.

(2)

The conversion takes effect at the later of the date and time determined in accordance with ORS 63.011 (Effective time and date of document) or the date and time determined under the statutes that govern the business entity that is not a limited liability company. [1999 c.362 §34; 2001 c.315 §9; 2015 c.28 §3]
Chapter 63

Law Review Citations

30 WLR 291 (1994); 73 OLR 5, 25, 43, 133, 151 (1994)


Source

Last accessed
Jun. 26, 2021