§54-500-1103A. Action on plan of conversion by converting limited
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/ok/title-54-partnership/54-500-1103a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
partnership.
ACTION ON PLAN OF CONVERSION BY CONVERTING LIMITED PARTNERSHIP.
(a)Subject to Section 97 of this act and unless the limited partnership’s partnership agreement otherwise provides, a plan of conversion must be consented to by all the partners of a converting limited partnership.
(b)Subject to Section 97 of this act and any contractual rights, after a conversion is approved, and at any time before a filing is made under Section 91 of this act, a converting limited partnership may amend the plan or abandon the planned conversion:
(1)as provided in the plan; and
(2)except as prohibited by the plan, by the same consent as was required to approve the plan. Added by Laws 2010, c. 384, § 90, eff. Jan. 1, 2011.