Current through the 2024 Regular Session.
Section 10A-8A-9.10 - Restrictions on approval of mergers, conversions and on relinquishing LLP status(a) If a partner of a converting or constituent partnership will have personal liability with respect to a converted or surviving organization, approval and amendment of a plan of conversion or plan of merger are ineffective without that partner's consent to the plan.(b) A statement of cancellation of the statement of limited liability partnership filed in connection with a conversion or merger is ineffective without each partner's written consent to such amendment.(c) A partner does not give the consent required by subsection (a) or (b) merely by consenting to a provision of the partnership agreement that permits the partnership agreement to be amended with the consent of fewer than all the partners.Ala. Code § 10A-8A-9.10 (1975)
Added by Act 2018-125,§ 7, eff. 1/1/2019.