North Dakota § 45-21-02 (902) Conversion

North Dakota Statutes

§ 45-21-02 — (902) Conversion

North Dakota·Title 45 Partnerships·Ch. 45-21 Conversions and Mergers

Other organizations may not convert to a partnership. However, a partnership may convert to another organization pursuant to sections 45-21-01 through 45-21-07.1 and a plan of conversion, if:

1.The governing statute of the other organization 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.

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Other organizations may not convert to a partnership. However, a partnership may convert
to another organization pursuant to sections 45-21-01 through 45-21-07.1 and a plan of
conversion, if:
1. The governing statute of the other organization 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.

North Dakota § 45-21-02 ((902) Conversion) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.