Plan of interest exchange

(a) A domestic entity may be the acquired entity in an interest exchange under this subchapter by approving a plan of interest exchange. The plan shall be in a record and contain: (1) The name and type of entity of the acquired entity; (2) The name, jurisdiction of formation, and type of the acquiring entity; (3) The manner of converting the interests in the acquired entity into interests, securities, obligations, rights to acquire interests or securities, money, or other property, or any combination of the foregoing; (4) Any proposed amendments to the public organic record, if any, or private organic rules that are, or are proposed to be, in a record of the acquired entity; (5) The other terms and conditions of the interest exchange; and (6) Any other provision required by the law of the District or the organic rules of the acquired entity. (b) A plan of interest exchange may contain any other provision not prohibited by law.