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Current as of January 01, 2023 | Updated by FindLaw Staff
Subdivision 1.Consent required. Subject to section 321.1110, a plan of conversion must be consented to by all the partners of a converting limited partnership.
Subd. 2.Amendment of plan or abandonment of conversion. Subject to section 321.1110 and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the secretary of state for filing under section 321.1104, a converting limited partnership may amend the plan or abandon the conversion:
(1) as provided in the plan; or
(2) except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.
Cite this article: FindLaw.com - Minnesota Statutes Business, Social, and Charitable Organizations (Ch. 300-323A) § 321.1103. Action on plan of conversion by converting limited partnership - last updated January 01, 2023 | https://codes.findlaw.com/mn/business-social-and-charitable-organizations-ch-300-323a/mn-st-sect-321-1103/
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