A bill for an act providing for the conversion of partnerships into other forms of domestic or foreign organizations, and providing for fees.

Summary

The bill would permit a domestic partnership to convert into another type of business entity—such as a corporation, limited liability company, or a foreign organization—by adopting a conversion plan approved by the partners and filing articles of conversion with the secretary of state. It adds definitions, sets a $50 filing fee, and keeps the partnership’s existing debts and partner liabilities intact. The measure was withdrawn and is not currently advancing.

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