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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>59055</law_id><section_number>13.1-944.5</section_number><catch_line>Articles of entity conversion</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="10">Virginia Nonstock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="17.1">Conversion to a Limited Liability Company</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> After the plan of <span class="dictionary">entity conversion</span> of a <span class="dictionary">corporation</span> into a limited liability company has been adopted and approved as required by this article, the <span class="dictionary">converting entity</span> shall <span class="dictionary">deliver</span> to the <span class="dictionary">Commission</span> for filing articles of <span class="dictionary">entity conversion</span> setting forth: <a id="paragraph-216557" class="section-permalink" href="https://vacode.org/13.1-944.5/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> The name of the <span class="dictionary">corporation</span> immediately before the filing of the articles of <span class="dictionary">entity conversion</span> and the name to which the name of the <span class="dictionary">converting entity</span> is to be changed, which name shall satisfy the requirements of the <span class="dictionary">laws</span> of the Commonwealth; <a id="paragraph-216558" class="section-permalink" href="https://vacode.org/13.1-944.5/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> The date on which the <span class="dictionary">corporation</span> was originally incorporated, organized, or formed; its original name, entity type, and <span class="dictionary">jurisdiction</span> of incorporation, organization, or formation; and, for each subsequent change of entity type or <span class="dictionary">jurisdiction</span> of incorporation, organization, or formation made before the filing of the articles of <span class="dictionary">entity conversion</span>, the effective date of the change and the <span class="dictionary">corporation</span>&#x2019;s name, entity type, and <span class="dictionary">jurisdiction</span> of incorporation, organization, or formation upon consummation of the change; <a id="paragraph-216559" class="section-permalink" href="https://vacode.org/13.1-944.5/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> The plan of <span class="dictionary">entity conversion</span>, including the full text of the articles of organization of the <span class="dictionary">resulting entity</span> that comply with the requirements of Chapter 12 (&#xA7; <a class="law" title="Short title" href="/13.1-1000/">13.1-1000</a> et seq.), as they will be in effect upon consummation of the conversion; <a id="paragraph-216560" class="section-permalink" href="https://vacode.org/13.1-944.5/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="A4" class="indent-1"><p><span class="prefix-number">4.</span> The date the plan of <span class="dictionary">entity conversion</span> was approved; and <a id="paragraph-216561" class="section-permalink" href="https://vacode.org/13.1-944.5/#A4"><i class="fa fa-link"/></a></p></section>
						<section id="A5" class="indent-1"><p><span class="prefix-number">5.</span> A statement:
				a. That the plan was adopted by the vote of at least two-thirds of the directors in office, including the reason <span class="dictionary">member</span> approval was not required;
				b. That the plan was adopted by the unanimous consent of the <span class="dictionary">members</span> having voting rights; or
				c. That the plan was proposed by the <span class="dictionary">board of directors</span> and submitted to the <span class="dictionary">members</span> in accordance with this chapter, and a statement of: <a id="paragraph-216562" class="section-permalink" href="https://vacode.org/13.1-944.5/#A5"><i class="fa fa-link"/></a></p></section>
						<section id="A51" class="indent-2"><p><span class="prefix-number">1.</span> The existence of a quorum of each <span class="dictionary">voting group</span> entitled to vote separately on the plan; and <a id="paragraph-216563" class="section-permalink" href="https://vacode.org/13.1-944.5/#A51"><i class="fa fa-link"/></a></p></section>
						<section id="A52" class="indent-2"><p><span class="prefix-number">2.</span> Either the total number of votes cast for and against the plan by each <span class="dictionary">voting group</span> entitled to vote separately on the plan or the total number of undisputed votes cast for the plan separately by each <span class="dictionary">voting group</span> and a statement that the number cast for the plan by each <span class="dictionary">voting group</span> was sufficient for approval by that <span class="dictionary">voting group</span>. <a id="paragraph-216564" class="section-permalink" href="https://vacode.org/13.1-944.5/#A52"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> If the <span class="dictionary">Commission</span> finds that the articles of <span class="dictionary">entity conversion</span> comply with the requirements of <span class="dictionary">law</span> and that all required fees have been paid, it shall <span class="dictionary">issue</span> a certificate of <span class="dictionary">entity conversion</span>. <a id="paragraph-216565" class="section-permalink" href="https://vacode.org/13.1-944.5/#B"><i class="fa fa-link"/></a></p></section></text><history>2012, c. 706; 2015, c. 623; 2016, c. 288.</history><metadata></metadata></law>
