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2019 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 8A - Alabama Partnership Law
Article 9 - Conversions and Mergers.
Section 10A-8A-9.03 - Action on plan of conversion by converting partnership.
Universal Citation: AL Code § 10A-8A-9.03 (2019)
Section 10A-8A-9.03Action on plan of conversion by converting partnership.
(a) Subject to Section 10A-8A-9.10, a plan of conversion must be consented to by all the partners of a converting partnership.
(b) Subject to Section 10A-8A-9.10 and any contractual rights, after a conversion is approved, and at any time before a filing is made under Section 10A-8A-9.04, a converting 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 2018-125, §7.)
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