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<section article="gca" article_name="Corporations and Associations" number="4A-1105" title_number="4A" title_name="Limited Liability Company Act" subtitle_number="11" subtitle_name="Conversions of Limited Liability Companies">
  <level label="a">
    <text>In a conversion of an other entity to a limited liability company, the stock, membership interests, partnership interests, beneficial interests, or other ownership interests of the other entity may be exchanged for or converted into any one or more of the following:</text>
    <level label="1">
      <text>Membership interests in the limited liability company or stock, evidence of indebtedness, membership interests, partnership interests, beneficial interests, or other ownership interests of an other entity, whether or not party to the conversion;</text>
    </level>
    <level label="2">
      <text>Other tangible or intangible property;</text>
    </level>
    <level label="3">
      <text>Money; and</text>
    </level>
    <level label="4">
      <text>Any other consideration.</text>
    </level>
  </level>
  <level label="b">
    <text>In a conversion of a limited liability company to an other entity, membership interests in the limited liability company may be exchanged for or converted into any one or more of the following:</text>
    <level label="1">
      <text>Stock, evidence of indebtedness, membership interests, partnership interests, beneficial interests or other ownership interests of the other entity to which the limited liability company is converted or of an other entity, whether or not party to the conversion;</text>
    </level>
    <level label="2">
      <text>Other tangible or intangible property;</text>
    </level>
    <level label="3">
      <text>Money; and</text>
    </level>
    <level label="4">
      <text>Any other consideration.</text>
    </level>
  </level>
</section>
