Current as of January 01, 2020 | Updated by FindLaw Staff
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1. If the converting organization is a limited partnership, then:
a. Subject to section 45-10.2-104, a plan of conversion must be consented to by all of the partners of a converting limited partnership.
b. Subject to section 45-10.2-104 and any contractual rights, after a conversion is approved, and at any time before the effective date of the plan, a converting limited partnership may amend the planned conversion:
(1) As provided in the plan; and
(2) Except as provided otherwise by the plan, by the same consent as was required to approve the plan.
2. If the converting organization is not a limited partnership, then the approval and the amendment of the plan of conversion must comply with its governing statute in effecting the conversion.
Cite this article: FindLaw.com - North Dakota Century Code Title 45. Partnerships § 45-10.2-96. Plan of conversion approval and amendment - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-45-partnerships/nd-cent-code-sect-45-10-2-96.html
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 or via Westlaw before relying on it for your legal needs.
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