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A Domestic (Alaskan) Entity. A statutory business conversion is one entity transaction.(6) "Converting entity" means the domestic entity that approves a plan of conversion pursuant to § 29-204. (6) "Converting entity" means the domestic entity that approves a plan of conversion pursuant to § 29-204. If the converted entity is a foreign entity that is not a qualified foreign entity, a mailing address to which process may be served. Name of Signer on behalf of converting entity. Statement of Conversion Approval. Required notice or approval. (b) "Converted entity" means a domestic other business entity that results from a conversion of a corporation under this chapter. A domestic eligible entity electing to be classified as a partnership.