2020 New Jersey Revised Statutes
Title 42 - Partnerships and Partnership Associations
Section 42:2C-79 - Action on plan of conversion by converting limited liability company.
42:2C-79 Action on plan of conversion by converting limited liability company.
79. Action on Plan of Conversion by Converting Limited Liability Company.
a. Subject to section 86 of this act, a plan of conversion shall be consented to by all the members of a converting limited liability company.
b. Subject to section 86 of this act and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the filing office for filing under section 80 of this act, a converting limited liability company may amend the plan or abandon the conversion:
(1) as provided in the plan; or
(2) except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.
L.2012, c.50, s.79.
