488.1103 - ACTION ON PLAN OF CONVERSION BY CONVERTING LIMITED PARTNERSHIP.
488.1103 ACTION ON PLAN OF CONVERSION BY CONVERTING LIMITED PARTNERSHIP. 1. Subject to section 488.1110, a plan of conversion must be consented to by all the partners of a converting limited partnership. 2. Subject to section 488.1110 and any contractual rights, after a conversion is approved, and at any time before a filing is made under section 488.1104, a converting limited partnership may amend the plan or abandon the planned conversion according to any or all of the following: a. As provided in the plan. b. Except as prohibited by the plan, by the same consent as was required to approve the plan.
Section History: Recent Form 2004 Acts, ch 1021, §91, 118 Referred to in § 488.1101, 488.1102