{"data":{"id":"us-ar/ark.-code-ann.-4-32-1202","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-32-1202","heading":"Conversion.","body":"(a) An organization other than a limited liability company may convert to a limited liability company, and a limited liability company may convert to another organization under this section and §§ 4-32-1203 — 4-32-1205 and a plan of conversion, if the:\n(1) Other organization's governing statute authorizes the conversion and is complied with; and\n(2) Conversion is not prohibited by the law of the jurisdiction that enacted the governing statute.\n(b) A plan of conversion must be in a record and must include the:\n(1) Name and form of the organization before conversion;\n(2) Name and form of the organization after conversion;\n(3) Terms and conditions of the conversion, including the manner and basis for converting interests in the converting organization into any combination of money, interests in the converted organization, and other consideration; and\n(4) Organizational documents of the converted organization.","path":["Title 4 Business and Commercial Law","Subtitle 3. Corporations and Associations","Chapter 32 Small Business Entity Tax Pass Through Act","Subchapter 12 — Conversion and Merger"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended","retrieved_at":"2026-09-17T21:07:03Z","sha256":"663f87d9a6816acdde2b79373b03d6fa13798f86b32616dff0b64fa4c7e24278","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-32-1103","next":"us-ar/ark.-code-ann.-4-32-1203"},"notice":"GroundRules: Original legal text. Not legal advice."}