New Jersey § 42:2c-78
Full text of New Jersey New Jersey Statutes § 42:2c-78, with citation guidance and answers to common questions.
§ 42:2c-78.
Conversion. a. An organization, other than a limited liability company or a foreign limited liability
company, may convert to a limited liability company, and a limited liability company
may convert to an organization other than a foreign limited liability company pursuant
to this section, sections 79 through 81 of this act, 1 and a plan of conversion, if: (1) the other organization's governing statute authorizes the conversion; (2) the conversion is not prohibited by the law of the jurisdiction that enacted the
other organization's governing statute; and (3) the other organization complies with its governing statute in effecting the conversion. b. A plan of conversion shall be in a record and shall include: (1) the name and form of the organization before conversion; (2) the name and form of the organization after conversion; (3) 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 (4) the organizational documents of the converted organization that are, or are proposed
to be, in a record. 1
L.2012, c. 50 (N.J.S.A. §§ 42:2C-79 through 42:2C-81).
Frequently Asked Questions About New Jersey § 42:2c-78
What does New Jersey Statutes § 42:2c-78 cover?
Section 42:2c-78 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 42:2c-78?
A common citation format is "New Jersey Statutes § 42:2c-78" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 42:2c-78 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.