35-12-1503. Action on plan of conversion by converting limited partnership.
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/mt/title-35/chapter-12/part-15/35-12-1503·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
35-12-1503 . Action on plan of conversion by converting limited partnership.
(1)Subject to 35-12-1515 , a plan of conversion must be consented to by all the partners of a converting limited partnership.
(2)Subject to 35-12-1515 and any contractual rights, after a conversion is approved, and at any time before a filing is made under 35-12-1504 , a converting limited partnership may amend the plan or abandon the planned conversion:
(a)as provided in the plan; and
(b)except as prohibited by the plan, by the same consent as was required to approve the plan.