362.536 Domestic limited partnership's approval of plan of merger -- Amendment -
146 words·~1 min read·
/ky/362-536A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
- Abandonment.
(1)Each domestic limited partnership that is to be a party to a proposed merger shall
approve the proposed merger, unless the partnership agreement of that limited
partnership provides otherwise, by the unanimous vote of the partners of the
partnership.
(2)A plan of merger may provide for the manner, if any, in which the plan may be
amended at any time before the filing of the articles of merger with the Secretary of
State.
(3)Unless the domestic limited partnership's partnership agreement or the plan of
merger, once authorized, provides otherwise, the merger may be abandoned at any
time before the filing of the articles of merger with the Secretary of State by the
affirmative vote of all partners of the domestic limited partnership (subject to any
contractual rights) in accordance with the procedure set forth in the plan of merger,
if any.