§1433. Action on plan of conversion by converting limited partnership
1.
Consent.
Subject to section 1440, a plan of conversion must be consented to by all the partners of a converting limited partnership.
[PL 2005, c. 543, Pt. C, §2 (NEW).]
2.
Amend plan or abandon planned conversion.
Subject to section 1440 and any contractual rights, after a conversion is approved, and at any time before a filing is made under section 1434, a converting limited partnership may amend the plan or abandon the planned conversion:
A.
As provided in the plan; and
[PL 2005, c. 543, Pt. C, §2 (NEW).]
B.
Except as prohibited by the plan, by the same consent as was required to approve the plan.
[PL 2005, c. 543, Pt. C, §2 (NEW).]
[PL 2005, c. 543, Pt. C, §2 (NEW).]
SECTION HISTORY
PL 2005, c. 543, §C2 (NEW).