Plan of interest exchange.

Utah Code § 48-2e-1132 (until 10/1/2026), under Part 48-2e-11: Merger, Interest Exchange, Conversion, and Domestication.

Utah Code § 48-2e-1132 (until 10/1/2026)

48-2e-1132. Plan of interest exchange.

(1) A domestic limited partnership may be the acquired entity in an interest exchange under Sectionsthroughby approving a plan of interest exchange. The plan must be in a record and contain: 48-2e-1131 48-2e-1136 the name of the acquired entity; the name, jurisdiction of formation, and type of entity of the acquiring entity; the manner of converting the interests in the acquired entity into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing; any proposed amendments to the certificate of limited partnership or partnership agreement that are, or are proposed to be, in a record of the acquired entity; the other terms and conditions of the interest exchange; and any other provision required by the law of this state or the partnership agreement of the acquired entity.

(2) In addition to the requirements of Subsection, a plan of interest exchange may contain any other provision not prohibited by law. (1)