Article 546 — General Provisions

1/ The conversion of a business organization from one type into another does not cause the creation of a new legal person but only amendment of the memorandum of association. 2/ The members may, as the case may be, decide on conversion unanimously, or by the majority required by the memorandum of association or this law. 3/ The decision shall not deprive a member, in whole or in part, of the right of membership or increase his liabilities without his consent. 4/ The conversion decision shall be published in a newspaper having wide circulation and on the website of the business organization, if it has one. 5/ The provisions of this Code governing the formation of the relevant new business organization shall apply without prejudice to the rights of third parties.