N.D. Cent. Code § 45-21-02.1

Current through 2023 Legislative Sessions

Section 45-21-02.1 - Plan of conversion

A plan of conversion must be in a record and must include:

1. The name and form of the converting organization before conversion;

2. The name and form of the converted organization after conversion;

3. The terms and conditions of the conversion;

4. The manner and basis for converting each ownership interest in the converting organization into ownership interests in the converted organization, or in whole or in part, into money or other property;

5. The organizational records of the converted organization; and

6. Any other provisions with respect to the proposed conversion that are deemed to be necessary or desirable.

N.D.C.C. § 45-21-02.1