Plan of conversion

(a) A domestic corporation may convert to a different type of organization under section 11.02 of this title by approving a plan of conversion, and a domestic organization, other than a corporation, may convert into a domestic corporation by approving a plan of conversion. The plan shall be in a record and shall contain: (1) the name of the converting corporation or organization; (2) the name, jurisdiction of formation, and type of organization of the converted organization; (3) the manner and basis for converting an interest holder's interest in the converting organization into any combination of an interest in the converted organization and other consideration; (4) the proposed public organizational documents of the converted organization if it will be an organization with public organizational documents filed with the Secretary of State; (5) the full text of the private organizational documents of the converted organization that are proposed to be in a record; (6) the other terms and conditions of the conversion; and (7) any other provision required by the law of this State or the organizational documents of the converting corporation. (b) A plan of conversion may contain any other provision not prohibited by law.