48-1d-1031. Interest exchange authorized.
(1) By complying with Sectionsthrough: 48-1d-1031 48-1d-1036 a domestic partnership may acquire all of one or more classes or series of interests of another domestic or foreign entity in exchange for interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing; or all of one or more classes or series of interests of a domestic partnership may be acquired by another domestic or foreign entity in exchange for interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing.
(2) By complying with the provisions of Sectionsthroughapplicable to foreign entities, a foreign entity may be the acquiring or acquired entity in an interest exchange under Sectionsthroughif the interest exchange is authorized by the law of the foreign entity's jurisdiction of formation. 48-1d-1031 48-1d-1036 48-1d-1031 48-1d-1036
(3) If a protected agreement contains a provision that applies to a merger of a domestic partnership but does not refer to an interest exchange, the provision applies to an interest exchange in which the domestic partnership is the acquired entity as if the interest exchange were a merger until the provision is amended after January 1, 2014.