Maine Revised Statutes

§1433. Action on plan of conversion by converting limited partnership

1. Consent.  Subject to section 1440, a plan of conversion must be consented to by all the partners of a converting limited partnership.
[ 2005, c. 543, Pt. C, §2 (NEW) .]
2. Amend plan or abandon planned conversion.  Subject to section 1440 and any contractual rights, after a conversion is approved, and at any time before a filing is made under section 1434, a converting limited partnership may amend the plan or abandon the planned conversion:
A. As provided in the plan; and [2005, c. 543, Pt. C, §2 (NEW).]
B. Except as prohibited by the plan, by the same consent as was required to approve the plan. [2005, c. 543, Pt. C, §2 (NEW).]
[ 2005, c. 543, Pt. C, §2 (NEW) .]
SECTION HISTORY
2005, c. 543, §C2 (NEW).