Subdivision 1. Consent required. Subject to section 321.1110, a plan of conversion must be consented to by all the partners of a converting limited partnership.
Subd. 2. Amendment of plan or abandonment of conversion. Subject to section 321.1110 and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the secretary of state for filing under section 321.1104, a converting limited partnership 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.
History:2004 c 199 art 11 s 89; 2018 c 103 s 20