UTAH CODE (Last Updated: January 16, 2015) |
Title 48. Partnership |
Chapter 2e. Utah Uniform Limited Partnership Act |
Part 11. Merger, Interest Exchange, Conversion, and Domestication |
§ 48-2e-1132. Plan of interest exchange.
Latest version.
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(1) A domestic limited partnership may be the acquired entity in an interest exchange under Sections 48-2e-1131 through 48-2e-1136 by approving a plan of interest exchange. The plan must be in a record and contain: (a) the name of the acquired entity; (b) the name, jurisdiction of formation, and type of entity of the acquiring entity; (c) the manner of converting the interests in the acquired entity into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing; (d) any proposed amendments to the certificate of limited partnership or partnership agreement that are, or are proposed to be, in a record of the acquired entity; (e) the other terms and conditions of the interest exchange; and (f) any other provision required by the law of this state or the partnership agreement of the acquired entity. (2) In addition to the requirements of Subsection (1), a plan of interest exchange may contain any other provision not prohibited by law.
Enacted by Chapter 412, 2013 General Session