CODE OF VIRGINIA

ENTITY CONVERSION (§ 13.1-1082)

A. A domestic limited liability company may become a domestic stock corporation
or a domestic business trust pursuant to a plan of entity conversion that is
approved by the limited liability company in accordance with the provisions of
this article.

B. A domestic stock corporation may become a domestic limited liability company
pursuant to a plan of entity conversion that is adopted and approved by the
corporation in accordance with the provisions of Article 12.2 (§ 13.1-722.8 et
seq.) of Chapter 9.

C. A domestic nonstock corporation may become a domestic limited liability
company pursuant to a plan of entity conversion that is adopted and approved by
the corporation in accordance with the provisions of Article 17.1 (§ 13.1-944.1
et seq.) of Chapter 10.

D. A domestic business trust may become a domestic limited liability company
pursuant to a plan of entity conversion that is approved by the business trust
in accordance with the provisions of Article 12 (§ 13.1-1264 et seq.) of
Chapter 14.

E. Unless otherwise provided for in Chapter 2.2 (§ 50-73.79 et seq.) of Title
50, a domestic partnership that has filed either a statement of partnership
authority or a statement of registration as a registered limited liability
partnership with the Commission that is not canceled may become a domestic
limited liability company pursuant to a plan of entity conversion that is
approved by the domestic partnership in accordance with the provisions of this
article.

F. Unless otherwise provided for in Chapter 2.1 (§ 50-73.1 et seq.) of Title
50, a domestic limited partnership that has filed a certificate of limited
partnership with the Commission that is not canceled may become a domestic
limited liability company pursuant to a plan of entity conversion that is
approved by the domestic limited partnership in accordance with the provisions
of this article.

HISTORY: 2016, c. 288.