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§ 61-3-1111. Plan of conversion.

TN Code § 61-3-1111 (2019) (N/A)
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(a) A domestic limited partnership may convert to a different type of entity under this section and §§ 61-3-1112 – 61-3-1115 by approving a plan of conversion. The plan must be in a record and contain:

(1) The name of the converting limited partnership;

(2) The name, jurisdiction of formation, and type of entity of the converted entity;

(3) The manner of converting the interests in the converting limited partnership into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing;

(4) The proposed public organic record of the converted entity if it will be a filing entity;

(5) The private organic rules of the converted entity that are proposed to be in a record when the conversion is effective;

(6) Any other terms and conditions of the conversion not otherwise set forth in the private organic rules of the converting limited partnership or the law of this state; and

(7) Any other provision required by the law of this state or the partnership agreement of the converting limited partnership.

(b) In addition to the requirements of subsection (a), a plan of conversion may contain any other provision not prohibited by law.

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§ 61-3-1110. Conversion authorized.
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§ 61-3-1112. Approval of conversion.