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Kentucky Revised Statutes Title XXIX. Commerce and Trade § 362.2-953.Action on plan of conversion by converting limited partnership

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Subject to KRS 362.2-960, a plan of conversion shall be approved by all the partners of a converting limited partnership.

(2) Subject to KRS 362.2-960 and any contractual rights, after a conversion is approved, and at any time before a filing is made under KRS 362.2-954, a converting limited partnership may amend the plan or abandon the planned conversion:

(a) As provided in the plan; and

(b) Except as prohibited by the plan, by the same consent as was required to approve the plan.

(3) Unless otherwise provided in the partnership agreement, a partner has no right to dissent from a conversion.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXIX. Commerce and Trade § 362.2-953.Action on plan of conversion by converting limited partnership - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxix-commerce-and-trade/ky-rev-st-sect-362-2-953/

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