N.D. Cent. Code § 45-10.2-96

Current through 2024 Legislative Session
Section 45-10.2-96 - Plan of conversion approval and amendment
1. If the converting organization is a limited partnership, then:
a. Subject to section 45-10.2-104, a plan of conversion must be consented to by all of the partners of a converting limited partnership.
b. Subject to section 45-10.2-104 and any contractual rights, after a conversion is approved, and at any time before the effective date of the plan, a converting limited partnership may amend the planned conversion:
(1) As provided in the plan; and
(2) Except as provided otherwise by the plan, by the same consent as was required to approve the plan.
2. If the converting organization is not a limited partnership, then the approval and the amendment of the plan of conversion must comply with its governing statute in effecting the conversion.

N.D.C.C. § 45-10.2-96