178.1142 Plan of conversion.
(1) A plan of conversion must be in a record and contain all of the following:
(a) The name, type of entity, and governing law of the converting entity.
(b) The name, type of entity, and governing law of the converted entity.
(c) The terms and conditions of the conversion.
(d) The manner and basis of converting the interests in the converting entity into interests, securities, or obligations of the surviving entity, rights to acquire such interests or securities, money, other property, or any combination of the foregoing.
(e) The organizational documents of the converted entity that are to be in a record immediately after the conversion becomes effective.
(f) Any other matters required by the governing law of the converting entity.
(2) In addition to the requirements of sub. (1), a plan of conversion may contain any other provision relating to the conversion and not prohibited by law.
History: 2015 a. 295.
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