Minn. Stat. § 321.1103

Current through 2024, c. 127

Section 321.1103 - ACTION ON PLAN OF CONVERSION BY CONVERTING LIMITED PARTNERSHIP

Subdivision 1.Consent required.

Subject to section 321.1110, a plan of conversion must be consented to by all the partners of a converting limited partnership.

Subd. 2.Amendment of plan or abandonment of conversion.

Subject to section 321.1110 and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the secretary of state for filing under section 321.1104, a converting limited partnership may amend the plan or abandon the conversion:

(1) as provided in the plan; or

(2) except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.

Minn. Stat. § 321.1103

2004 c 199 art 11 s 89

Amended by 2018 Minn. Laws, ch. 103,s 20, eff. 1/1/2019.