The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. A domestic entity may convert to a different type of entity under this article by approving a plan of conversion. The plan must be in a record and contain all of the following:
1. The name and type of the converting entity.
2. The name, jurisdiction of organization and type of the converted entity.
3. The manner of converting the interests in the converting entity into interests, securities, obligations, rights to acquire interests or securities, cash or other property or any combination of the foregoing.
4. The proposed public organizational document of the converted entity, if it is a filing entity.
5. The full text of the private organizational documents of the converted entity that are proposed to be in a record.
6. The other terms and conditions of the conversion, if any.
7. Any other provision required by the laws of this state or the organizational documents of the converting entity.
B. A plan of conversion may contain any other provision not prohibited by law.