Conn. Gen. Stat. § 34-622

Current with legislation from 2024 effective through June 6, 2024.

Section 34-622 - Plan of interest exchange

(a) A domestic entity may be the acquired entity in an interest exchange by approving a plan of interest exchange. The plan shall be in a record and contain:

(1) The name and type of the acquired entity;

(2) The name, jurisdiction of organization and type of the acquiring entity;

(3) The manner of converting the interests in the acquired entity into interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination thereof;

(4) Any proposed amendments to the public organic document or private organic rules that are, or are proposed to be, in a record of the acquired entity;

(5) The other terms and conditions of the interest exchange; and

(6) Any other provision required by the law of this state or the organic rules of the acquired entity.

(b) A plan of interest exchange may contain any other provision not prohibited by law.

Conn. Gen. Stat. § 34-622

( P.A. 11-241, S. 17.)

Added by P.A. 11-0241, S. 17 of the the 2011 Regular Session, eff. 1/1/2014.