Montana § 35-12-1502 - Conversion
Full text of Montana Montana Code Annotated § 35-12-1502 — Conversion, with citation guidance and answers to common questions.
§ 35-12-1502. Conversion
Conversion. (1) An organization other than a limited partnership may convert to a limited partnership, and a limited partnership may convert to another organization pursuant to 35-12-1501 through 35-12-1505 and a plan of conversion if: (a) the other organization's governing statute authorizes the conversion; (b) the conversion is not prohibited by the law of the jurisdiction that enacted the governing statute; and (c) the other organization complies with its governing statute in effecting the conversion. (2) A plan of conversion must be in a record and must include: (a) the name and form of the organization before conversion; (b) the name and form of the organization after conversion; (c) the terms and conditions of the conversion, including the manner and basis for converting interests in the converting organization into any combination of money, interests in the converted organization, and other consideration; and (d) the organizational documents of the converted organization.
Frequently Asked Questions About Montana § 35-12-1502
What does Montana Code Annotated § 35-12-1502 cover?
Section 35-12-1502 ("Conversion") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 35-12-1502?
A common citation format is "Montana Code Annotated § 35-12-1502" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 35-12-1502 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.