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4-32-1203. Action on plan of conversion by converting limited liability company.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-32-1203. Action on plan of conversion by converting limited liability company.
(a) Unless otherwise provided in writing in an operating agreement, a plan of conversion must be consented to by more than one-half (½) by number of the members of a converting limited liability company.
(b) Subject to any contractual rights, until a conversion is filed under § 4-32-1204, a converting limited liability company may amend the plan or abandon the planned conversion:
(1) As provided in the plan; and
(2) Except as prohibited by the plan, by the same consent required to approve the plan.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-32-1203
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:4-32-1203
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 62fe3af18c6ec894931259b2a77bdf722976959a350259d561cdfe3b0e214891
Source location: content.xml paragraph 21640
Stored source content
4-32-1203. Action on plan of conversion by converting limited liability company.
(a) Unless otherwise provided in writing in an operating agreement, a plan of conversion must be consented to by more than one-half (½) by number of the members of a converting limited liability company.
(b) Subject to any contractual rights, until a conversion is filed under § 4-32-1204, a converting limited liability company may amend the plan or abandon the planned conversion:
(1) As provided in the plan; and
(2) Except as prohibited by the plan, by the same consent required to approve the plan.
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Arkansas Code — all titles (historical 2020) · legal_authorities
4-32-1204. Filings required for conversion — Effective date.
(a)(1) After a plan of conversion is approved, a converting limited liability company shall file articles of conversion with the Secretary of State.
(2) The articles of conversion shall include:
(A) A statement that the limited liability company has been converted into another organization;
(B) The name and form of the converted organization and the jurisdiction of its governing statute;
(C) The date the conversion is effective under the governing statute of the converted organization;
(D) A statement that the conversion was approved as required by this chapter;
(E) A statement that the conversion was approved as required by the governing statute of the converted organization;
(F) A statement confirming that the converted organization has filed a statement appointing an agent for service of process under § 4-20-112 if the converted organization is a foreign organization not authorized to transact business in this state; and
(G)(i) A copy of the plan of conversion; or
(ii) A statement that:
(a) Contains the address of an office of the organization where the plan of conversion is on file; and
(b) A copy of the plan of conversion will be furnished by the converting organization on request and without cost to any shareholder of the converting organization.
(b)(1) If the converting organization is not a converting limited liability company, the converting organization shall file articles of organization with the Secretary of State.
(2) The articles of organization shall include, in addition to the information required by § 4-32-202:
(A) A statement that the limited liability company was converted from another organization;
(B) The name and form of the converting organization and the
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-32-1204
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 4-32-1204. This identifies an authority to review, not proof of applicability.