Current through 2024 Legislative Session
Section 45-21-03 - (903) Plan of conversion approval and amendment1. If the converting organization is a partnership, then: a. A plan of conversion must be consented to by all of the partners of a converting partnership.b. Subject to any contractual rights, after a conversion is approved, and at any time before a filing is made under section 45-21-04, a converting 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.2. If the converting organization is not a partnership, then the approval and the amendment of the plan of conversion must comply with the governing statute in effecting the conversion.