Sec. 1107. Action on plan of merger by constituent limited partnership.
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/il/chapter-805/act-215/1107A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 1107. Action on plan of merger by constituent limited partnership.
(a)Subject to Section 1110, a plan of merger must be consented to by all the partners of a constituent limited partnership.
(b)Subject to Section 1110 and any contractual rights, after a merger is approved, and at any time before a filing is made under Section 1108, a constituent limited partnership may amend the plan or abandon the planned merger:
(1)as provided in the plan; and
(2)except as prohibited by the plan, with the same consent as was required to approve
the plan.