(a) A charitable organization as defined in Section 79-11-501 may not convert under this Article 4.
(b) By complying with this article, a domestic entity may become:
(1) A domestic entity that is a different type of entity; or
(2) A foreign entity that is a different type of entity, if the conversion is authorized by the law of the foreign entity’s jurisdiction of formation and the domestic entity has complied with Article 5 of this chapter.
(c) By complying with the provisions of this article applicable to foreign entities, a foreign entity may become a domestic entity that is a different type of entity if the conversion is authorized by the law of the foreign entity’s jurisdiction of formation and the foreign entity has first domesticated to this state under Article 5 of this chapter.
(d) If a protected agreement contains a provision that applies to a merger of a domestic entity 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, 2015.
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