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Current as of January 01, 2022 | Updated by FindLaw Staff
§ 201. Conversion authorized.
(a) By complying with this Article, a domestic entity may become:
(1) a domestic entity of a different type; or
(2) a foreign entity of a different type, if the conversion is authorized by the law of the foreign jurisdiction.
(b) By complying with the provisions of this Article applicable to foreign entities, a foreign entity may become a domestic entity of a different type if the conversion is authorized by the law of the foreign entity's jurisdiction of organization.
(c) If a protected agreement contains a provision that applies to a merger of a domestic entity, but does not refer to a conversion, the provision applies to a conversion of the entity as if the conversion were a merger until the provision is amended after the effective date of this Act.
Cite this article: FindLaw.com - Illinois Statutes Chapter 805. Business Organizations § 415/201. Conversion authorized - last updated January 01, 2022 | https://codes.findlaw.com/il/chapter-805-business-organizations/il-st-sect-805-415-201/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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