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

North Dakota Statutes

§ 45-21-02 — (902) Conversion

North Dakota § 45-21-02

Title 45Partnerships

Ch. 45-21Conversions and Mergers

This text of North Dakota § 45-21-02 ((902) Conversion) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 45-21-02 (2026).

Text

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.