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The Vermont Statutes Online
Title
11
:
Corporations, Partnerships and Associations
Chapter
025
:
LIMITED LIABILITY COMPANIES
Subchapter
010
:
CONVERSION, MERGER, AND DOMESTICATION
§
4142. Conversion authorized
(a) By complying
with sections 4142 through 4146 of this title, a domestic limited liability
company may become a domestic organization that is a different type of
organization.
(b) By complying
with sections 4142 through 4146 of this title, a domestic partnership or
limited partnership may become a domestic limited liability company.
(c) By complying
with sections 4142 through 4146 of this title applicable to foreign
organizations, a foreign organization that is not a foreign limited liability
company may become a domestic limited liability company if the conversion is
authorized by the law of the foreign organization's jurisdiction of formation.
(d) If a
protected agreement contains a provision that applies to a merger of a domestic
limited liability company but does not refer to a conversion, the provision
applies to a conversion of the company as if the conversion were a merger until
the provision is amended after the effective date set forth in section 4171 of
this title. (Added 2015, No. 17, § 2.)