I’ve Been Thinking About Conversion, But I Haven’t Decided To Convert

Conversion can be a sensitive subject for some.  In California, corporate conversions are a relatively new phenomenon, having made their first appearance with legislation enacted in 2002 (SB 399 (Ackerman)).  The General Corporation Law (GCL) rather unhelpfully defines a “conversion” as “a conversion pursuant to Chapter 11.5  . . . [of the Corporations Code]”.  Cal. Corp.