Tennessee § 61-3-1111 Plan of conversion

Tennessee Statutes

§ 61-3-1111 — Plan of conversion

Tennessee § 61-3-1111

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This text of Tennessee § 61-3-1111 (Plan of conversion) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 61-3-1111 (2026).

Text

(a)A domestic limited partnership may convert to a different type of entity under this section and §§ 61-3-1112 - 61-3-1115 by approving a plan of conversion. The plan must be in a record and contain:

(1)The name of the converting limited partnership;

(2)The name, jurisdiction of formation, and type of entity of the converted entity;

(3)The manner of converting the interests in the converting limited partnership into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing;

(4)The proposed public organic record of the converted entity if it will be a filing entity;

(5)The private organic rules of the converted entity that are proposed to be in a record when the conversion is effective;

(6)Any other term

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(a) A domestic limited partnership may convert to a different type of entity under this section and §§ 61-3-1112 - 61-3-1115 by approving a plan of conversion. The plan must be in a record and contain: (1) The name of the converting limited partnership; (2) The name, jurisdiction of formation, and type of entity of the converted entity; (3) The manner of converting the interests in the converting limited partnership into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing; (4) The proposed public organic record of the converted entity if it will be a filing entity; (5) The private organic rules of the converted entity that are proposed to be in a record when the conversion is effective; (6) Any other terms and conditions of the conversion not otherwise set forth in the private organic rules of the converting limited partnership or the law of this state; and (7) Any other provision required by the law of this state or the partnership agreement of the converting limited partnership. (b) In addition to the requirements of subsection (a), a plan of conversion may contain any other provision not prohibited by law.