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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-9.10 - Restrictions on approval of mergers, conversions and on relinquishing LLP status.
Universal Citation: AL Code § 10A-8A-9.10 (2019)
Section 10A-8A-9.10Restrictions on approval of mergers, conversions and on relinquishing LLP status.
(a) If a partner of a converting or constituent partnership will have personal liability with respect to a converted or surviving organization, approval and amendment of a plan of conversion or plan of merger are ineffective without that partner's consent to the plan.
(b) A statement of cancellation of the statement of limited liability partnership filed in connection with a conversion or merger is ineffective without each partner's written consent to such amendment.
(c) A partner does not give the consent required by subsection (a) or (b) merely by consenting to a provision of the partnership agreement that permits the partnership agreement to be amended with the consent of fewer than all the partners.
(Act 2018-125, §7.)
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