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2017 Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 32 - Small Business Entity Tax Pass Through Act
Subchapter 12 - Conversion and Merger
§ 4-32-1204. Filings required for conversion -- Effective date
Universal Citation: AR Code § 4-32-1204 (2017)
- (a)
- (1) After a plan of conversion is approved, a converting limited liability company shall file articles of conversion with the Secretary of State.
- (2) The articles of conversion shall include:
- (A) A statement that the limited liability company has been converted into another organization;
- (B) The name and form of the converted organization and the jurisdiction of its governing statute;
- (C) The date the conversion is effective under the governing statute of the converted organization;
- (D) A statement that the conversion was approved as required by this chapter;
- (E) A statement that the conversion was approved as required by the governing statute of the converted organization;
- (F) A statement confirming that the converted organization has filed a statement appointing an agent for service of process under § 4-20-112 if the converted organization is a foreign organization not authorized to transact business in this state; and
- (G)
- (i) A copy of the plan of conversion; or
- (ii) A statement that:
- (a) Contains the address of an office of the organization where the plan of conversion is on file; and
- (b) A copy of the plan of conversion will be furnished by the converting organization on request and without cost to any shareholder of the converting organization.
- (b)
- (1) If the converting organization is not a converting limited liability company, the converting organization shall file articles of organization with the Secretary of State.
- (2) The articles of organization shall include, in addition to the information required by § 4-32-202:
- (A) A statement that the limited liability company was converted from another organization;
- (B) The name and form of the converting organization and the jurisdiction of its governing statute; and
- (C) A statement that the conversion was approved in a manner that complied with the converting organization's governing statute.
- (c) A conversion becomes effective:
- (1) If the converted organization is a limited liability company, when the articles of organization take effect; and
- (2) If the converted organization is not a limited liability company, as provided by the governing statute of the converted organization.
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