Okla. Stat. tit. 18, § 18-441-1602: Conversion

CONVERSION.

(a) An entity that is not a limited cooperative association may

convert to a limited cooperative association and a limited

cooperative association may convert to an entity that is not a

limited cooperative association pursuant to this section, Sections

136 through 138 of this act, and a plan of conversion, if:

(1) The other entity’s organic law authorizes the conversion;

(2) The conversion is not prohibited by the law of the

jurisdiction that enacted the other entity’s organic law; and

(3) The other entity complies with its organic law in effecting

the conversion.

(b) A plan of conversion must be in a record and must include:

(1) The name and form of the entity before conversion;

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

(3) The terms and conditions of the conversion, including the

manner and basis for converting interests in the converting entity

into any combination of money, interests in the converted entity,

and other consideration; and

(4) The organizational documents of the proposed converted

entity.