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. § 161.9. Fundamentally, Chapter 11.5 Read more...
