2006 Louisiana Laws - RS 12:1602 — Conversion of domestic entities

§1602.  Conversion of domestic entities

A.  Any domestic limited liability company, business corporation, partnership in commendam, or partnership may convert to another type of domestic business entity by submitting a conversion application to the secretary of state.  The owners or members of the converting entity must approve the conversion in the same manner provided for by law and by the document, instrument, agreement, or other writing governing the internal affairs of the converting entity and the conduct of its business.

B.  An entity may not convert under this Chapter if an owner or member of the entity, as a result of the conversion, becomes personally liable, without the consent of the owner or member, for a liability or other obligation of the converted entity.

Acts 2006, No. 153, §1, eff. June 2, 2006.