Plan of conversion

(a) A domestic entity may convert to a different type of entity under this subchapter by approving a plan of conversion. The plan shall be in a record and contain: (1) The name and type of the converting entity; (2) The name, jurisdiction of formation, and type of entity of the converted entity; (3) The manner of converting the interests in the converting entity into interests, securities, obligations, rights to acquire interests or securities, money, or other property, or any combination of the foregoing; (4) The proposed public organic record of the converted entity if it will be a filing entity; (5) The full text of the private organic rules of the converted entity that 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 the District or the organic rules of the converting entity. (b) A plan of conversion may contain any other provision not prohibited by law.