Action on plan of conversion by converting limited liability company

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  1. (a) Unless otherwise provided in writing in an operating agreement, a plan of conversion must be consented to by more than one-half (½) by number of the members of a converting limited liability company.

  2. (b) Subject to any contractual rights, until a conversion is filed under § 4-32-1204, a converting limited liability company may amend the plan or abandon the planned conversion:

    1. (1) As provided in the plan; and

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


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