Exhibit 3.1
Articles of Conversion
For
Korth Direct Mortgage, LLC
Into
Korth Direct Mortgage Inc.
The Articles of Conversion are submitted to convert the following Florida limited liability company into a “Converted or Other Business Entity” in accordance with §605.1045, Florida Statutes.
1. The name of the Florida limited liability company converting into the Converted or Other Business Entity isKorth Direct Mortgage, LLC
2. The name of the Converted or Other Business Entity isKorth Direct Mortgage Inc.
3. The Converted or Other Business Entity is a corporation formed under the laws of Florida. The formation document is attached.
4. The plan of conversionhas been approved by the converting entity, Korth Direct Mortgage, LLC, inaccordance with Chapter 605, F.S.Sections 605.1041-605.1046.
5. This conversion shall be effective in Florida upon filing of these Articles of Conversion.
6. The Converted or Other Business Entity, Korth Direct Mortgage Inc., has agreed to pay any members of Korth Direct Mortgage, LLC, having appraisal rights the amount to which such members are entitled under Chapter 605, F.S. Sections 605.1006 and 605.1061-605.1072.
| Signed on May 31, 2019 | Korth Direct Mortgage, LLC |
| | | |
| | | |
| | By: | /s/ James W. Korth |
| | | James W. Korth, |
| | | Chief Executive Officer and Manager |
