§ 48-1d-1035. Statement of interest exchange.

(1) A statement of interest exchange must be signed by a domestic acquired partnership and delivered to the division for filing.

(2) A statement of interest exchange must contain:

(a) the name of the acquired partnership;

(b) the name, jurisdiction of formation, and type of entity of the acquiring entity; and

(c) a statement that the plan of interest exchange was approved by the acquired entity in accordance with Sections 48-1d-1031 through 48-1d-1036.

(3) In addition to the requirements of Subsection (2), a statement of interest exchange may contain any other provision not prohibited by law.

(4) A plan of interest exchange that is signed by a domestic acquired partnership and meets all the requirements of Subsection (2) may be delivered to the division for filing instead of a statement of interest exchange and on filing has the same effect. If a plan of interest exchange is filed as provided in this subsection, references in this part to a statement of interest exchange refer to the plan of interest exchange filed under this Subsection (4).

Enacted by Chapter 412, 2013 General Session