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Maine Revised Statutes Title 31. Partnerships and Associations § 1433. Action on plan of conversion by converting limited partnership

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

1. Consent. Subject to section 1440, a plan of conversion must be consented to by all the partners of a converting limited partnership.

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

B. 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 - Maine Revised Statutes Title 31. Partnerships and Associations § 1433. Action on plan of conversion by converting limited partnership - last updated January 01, 2025 | https://codes.findlaw.com/me/title-31-partnerships-and-associations/me-rev-st-tit-31-sect-1433/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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