2019 Maryland Code
Corporations and Associations
Title 9A - Maryland Revised Uniform Partnership Act
Subtitle 12 - Conversions of Partnerships.
§ 9A-1202. Approval and objections.

Universal Citation:
MD Corp & Assn Code § 9A-1202 (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    (a)    A partnership organized under the laws of this State shall approve the conversion of the partnership to an other entity by the affirmative vote of all of its partners, or a lesser number or percentage specified for conversion in its partnership agreement.

    (b)    An other entity seeking to convert to a partnership organized under the laws of this State shall:

        (1)    Approve the conversion of the other entity to the partnership in the manner and by the vote required by its governing document and the laws of the place where it is incorporated or organized; and

        (2)    Comply with all other requirements for the formation of a partnership under the laws of this State.

    (c)    (1)    A partner of a partnership objecting to a conversion of the partnership has the same rights with respect to the partner’s interest in the partnership as a stockholder of a Maryland corporation who objects has with respect to the stockholder’s stock under Title 3, Subtitle 2 of this article.

        (2)    The procedures under Title 3, Subtitle 2 of this article shall be applicable to the extent practicable.

Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.