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Minnesota Statutes Business, Social, and Charitable Organizations (Ch. 300-323A) § 321.1116. Action on plan of domestication by domesticating limited partnership

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

Subdivision 1.Consent required. A plan of domestication must be consented to:

(1) by all the partners, subject tosection 321.1119if the domesticating organization is a limited partnership; and

(2) as provided in the domesticating organization's governing statute, if the organization is a foreign limited partnership.

Subd. 2. Amendment of plan or abandonment of domestication. Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are filed with the secretary of state undersection 321.1117, a domesticating limited partnership may amend the plan or abandon the domestication:

(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.

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Cite this article: FindLaw.com - Minnesota Statutes Business, Social, and Charitable Organizations (Ch. 300-323A) § 321.1116. Action on plan of domestication by domesticating limited partnership - last updated January 01, 2025 | https://codes.findlaw.com/mn/business-social-and-charitable-organizations-ch-300-323a/mn-st-sect-321-1116/

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