§ 48-2e-1141. Conversion authorized.  


Latest version.
  • (1) By complying with Sections 48-2e-1141 through 48-2e-1146 a domestic limited partnership may become:
    (a) a domestic entity that is a different type of entity; or
    (b) a foreign entity that is a different type of entity, if the conversion is authorized by the law of the foreign jurisdiction.
    (2) By complying with the provisions of Sections 48-2e-1141 through 48-2e-1146 applicable to foreign entities, a foreign entity that is not a foreign limited partnership may become a domestic limited partnership if the conversion is authorized by the law of the foreign entity's jurisdiction of formation.
    (3) If a protected agreement contains a provision that applies to a merger of a domestic limited partnership but does not refer to a conversion, the provision applies to a conversion of the entity as if the conversion were a merger until the provision is amended after January 1, 2014.
Enacted by Chapter 412, 2013 General Session