Article 11A.
Conversions.
§ 55A-11A-01. Conversion.
(a) As used in this section, "business entity" means a domestic business corporation, including a professional corporation as defined in G.S. 55B-2, a foreign business corporation, including a foreign professional corporation as defined in G.S. 55B-16, a domestic or foreign nonprofit corporation, a domestic or foreign limited liability company, a domestic or foreign limited partnership, a registered limited liability partnership or foreign limited liability partnership as defined in G.S. 59-32, or any other partnership as defined in G.S. 59-36 whether or not formed under the laws of this State.
(b) A business entity, other than a domestic nonprofit corporation, may convert to a domestic nonprofit corporation if both of the following apply:
(1) The conversion is permitted by the laws of the state or country governing the organization and internal affairs of the converting business entity.
(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 subsection. (2026-52, s. 6(a).)