SCS/HB 1983 - Limited liability companies, partnerships, trusts, and foreign corporations may convert to a Missouri corporation after the entity approves the conversion in accordance with any procedures required in the governance of its internal affairs and executes a certificate of conversion and articles of incorporation. The conversion shall not affect obligations or liabilities incurred prior to the conversion. All rights, powers, privileges, debts, property, and causes of action follow the entity after conversion to the corporation. Entities are not required to wind up its affairs, pay liabilities, and distribute its assets prior to conversion. Similarly, a Missouri corporation may convert to an aforementioned entity upon adoption of a resolution approving such conversion and the execution of a certificate of conversion. Rights, obligations, and liabilities are similarly retained and vested in the resulting entity. CHRIS HOGERTY
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