2015 Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 25 - Limited Liability Companies
Subchapter 10: CONVERSION, MERGER, AND DOMESTICATION
§ 4142 Conversion authorized
§ 4142. Conversion authorized
(a) By complying with sections 4142 through 4146 of this title, a domestic limited liability company may become a domestic organization that is a different type of organization.
(b) By complying with sections 4142 through 4146 of this title, a domestic partnership or limited partnership may become a domestic limited liability company.
(c) By complying with sections 4142 through 4146 of this title applicable to foreign organizations, a foreign organization that is not a foreign limited liability company may become a domestic limited liability company if the conversion is authorized by the law of the foreign organization's jurisdiction of formation.
(d) If a protected agreement contains a provision that applies to a merger of a domestic limited liability company but does not refer to a conversion, the provision applies to a conversion of the company as if the conversion were a merger until the provision is amended after the effective date set forth in section 4171 of this title. (Added 2015, No. 17, § 2.)
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