North Carolina General Statutes 59-73.10. Conversion
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A business entity other than a domestic partnership may convert to a domestic partnership if:
(1) The conversion is permitted by the laws of the state or country governing the organization and internal affairs of the converting business entity; and
Terms Used In North Carolina General Statutes 59-73.10
- Business entity: means a domestic corporation (including a professional corporation as defined in N. See North Carolina General Statutes 59-73.1
- Domestic partnership: means a partnership as defined in N. See North Carolina General Statutes 59-73.1
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
(2) The converting business entity complies with the requirements of this Part and, to the extent applicable, the laws referred to in subdivision (1) of this section. (2001-387, s. 108.)