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Arkansas Code Title 4. Business and Commercial Law § 4-47-1103. Action on plan of conversion by converting limited partnership

Current as of March 28, 2024 | Updated by FindLaw Staff

(a) Subject to § 4-47-1110, a plan of conversion must be consented to by all the partners of a converting limited partnership.

(b) Subject to § 4-47-1110 and any contractual rights, after a conversion is approved, and at any time before a filing is made under § 4-47-1104, a converting limited 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.

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Cite this article: FindLaw.com - Arkansas Code Title 4. Business and Commercial Law § 4-47-1103. Action on plan of conversion by converting limited partnership - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-4-business-and-commercial-law/ar-code-sect-4-47-1103/

Read this complete Arkansas Code Title 4. Business and Commercial Law § 4-47-1103. Action on plan of conversion by converting limited partnership on Westlaw. Westlaw subscription required.

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