Illinois § 202
Full text of Illinois Illinois Compiled Statutes § 202, with citation guidance and answers to common questions.
§ 202.
Plan of conversion. (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: (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 organic document of the converted entity if it will be a filing entity; (5) the full text of the private organic rules of the converted entity that are proposed to be in a record; (6) the other terms and conditions of the conversion; and (7) any other provision required by the law of this State or the organic rules of the converting entity. (b) A plan of conversion may contain any other provision not prohibited by law. (c) The entity shall maintain the plan of conversion in accordance with the entity's policy for maintaining books and records. (Source: P.A. 100-561, eff. 7-1-18; 101-491, eff. 8-23-19.)
Frequently Asked Questions About Illinois § 202
What does Illinois Compiled Statutes § 202 cover?
Section 202 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 202?
A common citation format is "Illinois Compiled Statutes § 202" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 202 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.