Vermont § 4143 - Plan of conversion
Full text of Vermont Vermont Statutes Online § 4143 — Plan of conversion, with citation guidance and answers to common questions.
§ 4143. Plan of conversion
- (a) A domestic limited liability company may convert to a different type of organization
under section 4142 of this title, by approving a plan of conversion. The plan shall be in a record and contain: (1) the name of the converting limited liability company; (2) the name, jurisdiction of formation, and type of organization of the converted organization; (3) the manner of converting the interests in the converting limited liability company
into interests, securities, obligations, money, other property, rights to acquire
interests or securities, or any combination of the foregoing; (4) the proposed public organizational documents of the converted organization if it will
be an organization with public organizational documents filed with the Secretary of
State; (5) the full text of the private organizational documents of the converted organization
which 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 operating agreement of
the converting limited liability company. (b) A domestic general partnership or a domestic limited partnership may convert into
a domestic limited liability company by approving a plan of conversion setting forth
the terms and conditions of the conversion of the interests of partners of a partnership
or of a limited partnership, as the case may be, into interests in the converted limited
liability company or the cash or other consideration to be paid or delivered as a
result of the conversion of the interests of the partners, or a combination thereof. (c) In addition to the requirements of subsection (a) of this section, a plan of conversion
may contain any other provision not prohibited by law. (Added 2015, No. 17, § 2.)
Frequently Asked Questions About Vermont § 4143
What does Vermont Statutes Online § 4143 cover?
Section 4143 ("Plan of conversion") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 4143?
A common citation format is "Vermont Statutes Online § 4143" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 4143 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.