Connecticut § 34-622 Plan of interest exchange.

Connecticut Statutes

§ 34-622 — Plan of interest exchange.

Connecticut·Title 34 Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts·Ch. 616 Entity Transactions

(a)A domestic entity may be the acquired entity in an interest exchange by approving a plan of interest exchange. The plan shall be in a record and contain:

(1)The name and type of the acquired entity;

(2)The name, jurisdiction of organization and type of the acquiring entity;

(3)The manner of converting the interests in the acquired entity into interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination thereof;

(4)Any proposed amendments to the public organic document or private organic rules that are, or are proposed to be, in a record of the acquired entity;

(5)The other terms and conditions of the interest exchange; and (6) Any other provision required by the law of this state or the organic rules of the acquired ent

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(a) A domestic entity may be the acquired entity in an interest exchange by approving a plan of interest exchange. The plan shall be in a record and contain: (1) The name and type of the acquired entity; (2) The name, jurisdiction of organization and type of the acquiring entity; (3) The manner of converting the interests in the acquired entity into interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination thereof; (4) Any proposed amendments to the public organic document or private organic rules that are, or are proposed to be, in a record of the acquired entity; (5) The other terms and conditions of the interest exchange; and (6) Any other provision required by the law of this state or the organic rules of the acquired entity. (b) A plan of interest exchange may contain any other provision not prohibited by law.

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