30-18-401 CONVERSION AUTHORIZED. - Idaho Statutes

TITLE 30

CORPORATIONS

CHAPTER 18

IDAHO ENTITY TRANSACTIONS ACT

PART 4

CONVERSION

30-18-401. Conversion authorized. (1) Except as otherwise provided in this section, by complying with this part, a domestic entity may become:

(a) A domestic entity of a different type; or

(b) A foreign entity of a different type, if the conversion is authorized by the law of the foreign jurisdiction.

(2) Except as otherwise provided in this section, by complying with the provisions of this part applicable to foreign entities a foreign entity may become a domestic entity of a different type if the conversion is authorized by the law of the foreign entity’s jurisdiction of organization.

(3) If a protected agreement contains a provision that applies to a merger of a domestic entity but does not refer to a conversion, the provision applies to a conversion of the entity as if the conversion were a merger until the provision is amended after the effective date of this chapter.