{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-441-1605","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-441-1605","heading":"Effect of conversion","body":"EFFECT OF CONVERSION.\n\n(a) An entity that has been converted pursuant to this article\n\nis for all purposes the same entity that existed before the\n\nconversion and is not a new entity but, after conversion, is\n\norganized under the organic law of the converted entity and is\n\nsubject to that law and other law as it applies to the converted\n\nentity.\n\n(b) When a conversion takes effect under this article:\n\n(1) All property owned by the converting entity remains vested\n\nin the converted entity;\n\n(2) All debts, liabilities, and other obligations of the\n\nconverting entity continue as obligations of the converted entity;\n\n(3) An action or proceeding pending by or against the\n\nconverting entity may be continued as if the conversion had not\n\noccurred;\n\n(4) Except as prohibited by other law, all the rights,\n\nprivileges, immunities, powers, and purposes of the converting\n\nentity remain vested in the converted entity;\n\n(5) Except as otherwise provided in the plan of conversion, the\n\nterms and conditions of the plan of conversion take effect; and\n\n(6) Except as otherwise provided in the plan of conversion, the\n\nconversion does not dissolve a converting limited cooperative\n\nassociation for purposes of Article 12 of the Uniform Limited\n\nCooperative Association Act of 2009.\n\n(c) A converted entity that is an entity organized under the\n\nlaws of a jurisdiction other than this state consents to the\n\njurisdiction of the courts of this state to enforce any obligation\n\nowed by the converting limited cooperative association if, before\n\nthe conversion, the converting limited cooperative association was\n\nsubject to suit in this state on the obligation. A converted entity\n\nthat is an entity organized under the laws of a jurisdiction other\n\nthan this state and not authorized to transact business in this\n\nstate appoints the Secretary of State as its agent for service of\n\nprocess for purposes of enforcing an obligation under this\n\nsubsection. Service on the Secretary of State under this subsection\n\nis made in the same manner and with the same consequences as under\n\nsubsections (c) and (d) of Section 20 of this act.","path":["OK Code","Title 18"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os18.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"26f0ee9c16c485f56815670d442163b24f34ca12e85edf7241bc441ed3f7af61","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-441-1604","next":"us-ok/okla.-stat.-tit.-18-18-441-1606"},"notice":"GroundRules: Original legal text. Not legal advice."}