2013 Nebraska Revised Statutes
Chapter 21 - CORPORATIONS AND OTHER COMPANIES
21-20,194 - Conversion; plan.

21-20,194. Conversion; plan.

(1) Pursuant to a plan of conversion, a domestic corporation may convert into a domestic limited liability company pursuant to this section, sections 21-170 to 21-184, and sections 21-20,195 to 21-20,197, or may convert to a foreign limited liability company pursuant to this section, sections 21-20,195 to 21-20,197, and the laws under which the foreign limited liability company is formed.

(2) A plan of conversion shall be in a record and shall include all of the following:

(a) The name of the domestic corporation before conversion;

(b) The name and form of the converted entity after conversion;

(c) The terms and conditions of the conversion, including the manner and basis for converting the shares of the corporation into any combination of obligations, interests, or rights in the converted entity or other consideration; and

(d) The organizational documents of the converted entity.

(3) For purposes of this section, record means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.

Source

Laws 2012, LB1018, § 5.