{"data":{"id":"us-ut/utah-code-48-3a-1032","jurisdiction":"us-ut","citation":"Utah Code § 48-3a-1032","heading":"Plan of interest exchange.","body":"(1) A domestic limited liability company may be the acquired entity in an interest exchange under Sections 48-3a-1031 through 48-3a-1036 by approving a plan of interest exchange. The plan must be in a record and contain:\n(a) the name of the acquired entity;\n(b) the name, jurisdiction of formation, and type of entity of the acquiring entity;\n(c) the manner of converting the interests in the acquired entity into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing;\n(d) any proposed amendments to the certificate of organization or operating agreement that are, or are proposed to be, in a record of the acquired entity;\n(e) the other terms and conditions of the interest exchange; and\n(f) any other provision required by the law of this state or the operating agreement of the acquired entity.\n(2) In addition to the requirements of Subsection (1), a plan of interest exchange may contain any other provision not prohibited by law.","path":["Title 48 Unincorporated Business Entity Act","Chapter 48-3a Utah Revised Uniform Limited Liability Company Act","Part 48-3a-10 Merger, Interest Exchange, Conversion, and Domestication"],"source_url":"https://le.utah.gov/xcode/Title48/Chapter3a/48-3a-S1032.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"23cd21fd1235572bb4f0ef9678b2adbf750645005bab913b8883843efecef4e2","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-48-3a-1031","next":"us-ut/utah-code-48-3a-1033"},"notice":"GroundRules: Original legal text. Not legal advice."}