2013 Code of Alabama
Title 10A - ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE.
Chapter 9 - ALABAMA UNIFORM LIMITED PARTNERSHIP LAW OF 2010.
Section 10A-9-11.03 - Action on plan of conversion by converting limited partnership.


AL Code § 10A-9-11.03 (2013) What's This?
Section 10A-9-11.03Action on plan of conversion by converting limited partnership.

(a) Subject to Section 10A-9-11.10, a plan of conversion must be consented to by all the partners of a converting limited partnership.

(b) Subject to Section 10A-9-11.10 and any contractual rights, after a conversion is approved, and at any time before a filing is made under Section 10A-9-11.04, a converting limited partnership may amend the plan or abandon the planned conversion:

(1) as provided in the plan; and

(2) except as prohibited by the plan, by the same consent as was required to approve the plan.

(Act 2009-621, p. 1805, §1.)

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