16-1a-803. Plan of interest exchange.
(1) A domestic entity may be the acquired entity in an interest exchange under this part by approving a plan of interest exchange.
(2) A domestic entity shall create a plan of interest exchange in a record and include in the plan of exchange: the name and type of entity of the acquired entity; the name, jurisdiction, and type of entity of the acquiring entity; the process of converting the interests in the acquired entity into interests, securities, obligations, money, other property, or rights to acquire interests or securities; any proposed amendment to: the public organic record, if any, of the acquired entity; the private organic rules of the acquired entity that are, or are proposed to be, in a record; other terms and conditions of the interest exchange; and any other provision required by the law of this state or the organic rules of the acquired entity.
(3) In addition to the requirements described in Subsection, a plan of interest exchange may contain any other provision not prohibited by law. (2)