1.0Arizona LLC Lawhttps://www.keytlaw.com/azllclawRichard Keythttps://www.keytlaw.com/azllclaw/author/1llclawyer/ARS Section 29-848. Merger, Interest Exchange, Conversion, Domestication or Division; Definitionsrich600338<blockquote class="wp-embedded-content" data-secret="Anwxcu4LkB"><a href="https://www.keytlaw.com/azllclaw/ars-section-29-848/">ARS Section 29-848. Merger, Interest Exchange, Conversion, Domestication or Division; Definitions</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.keytlaw.com/azllclaw/ars-section-29-848/embed/#?secret=Anwxcu4LkB" width="600" height="338" title="“ARS Section 29-848. Merger, Interest Exchange, Conversion, Domestication or Division; Definitions” — Arizona LLC Law" data-secret="Anwxcu4LkB" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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A. A domestic professional limited liability company may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with article 7 of this chapter and chapter 6 of this title. B. If a domestic professional limited liability company is to be created in a merger, a conversion, a domestication or a division: 1. The members of the company must be qualified to be members as provided by section 29-844, subsection B. 2. The articles of organization of the company must comply with section 29-841.01, subsection A. C. For the purposes of this section: 1. “Conversion” means a transaction authorized by chapter 6, article 4 of this title. 2. “Division” means a transaction authorized by chapter 6, article 6 of this title. 3. “Domestication” means a transaction authorized by chapter 6, article 5 of this title. 4. “Interest exchange” means a transaction authorized by chapter 6, article 3 of this title. 5. “Merger” means a transaction authorized by chapter 6, article 2 of this title. Caution: The above language was taken from Arizona’s statutes on November 13, 2016. Check the Arizona legislature’s website to determine if this statute changed after November 13, 2016.