Section 11.04 - Approval of conversionSubject to section 11.17 of this title and any contractual rights, a converting organization shall approve a plan of conversion as follows:
(1) a domestic corporation shall approve a plan of conversion in accordance with the procedures for approving a merger under section 11.10 of this title;(2) any other organization shall approve a plan of conversion in accordance with its governing statute and its organizational documents; provided:(A) if its organizational documents do not address the manner for approving a conversion, then a plan of conversion shall be approved by the same vote required under the organizational documents for a merger; and(B) if its organizational documents do not provide for approval of a merger, then by the approval of the number or percentage of interest holders required to approve a merger under the governing statute.Added 1993, No. 85, § 2, eff. 1/1/1994; amended 2015, No. 157 (Adj. Sess.), § E.1, eff. 7/1/2017.