Florida § 620.2103 Action on plan of conversion by converting limited partnership

Florida Statutes

§ 620.2103 — Action on plan of conversion by converting limited partnership

Florida § 620.2103

TitleXXXVI

Ch. 620PARTNERSHIP LAWS

This text of Florida § 620.2103 (Action on plan of conversion by converting limited partnership) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 620.2103 (2026).

Text

(1)A plan of conversion must be consented to by all of the general partners of a converting limited partnership. Subject to s. 620.2110, the plan of conversion must also be consented to by those limited partners who own a majority of the rights to receive distributions as limited partners at the time the consent is effective, provided, if there is more than one class or group of limited partners, the plan of conversion must be consented to by those limited partners in each class or group which owns a majority of the rights to receive distributions as limited partners in that class or group at the time the consent is effective. The consents required by this subsection must be in, or evidenced by, a record.

(2)Subject to s. 620.2110 and any contractual rights, after a conversion is approv

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A plan of conversion must be consented to by all of the general partners of a converting limited partnership. Subject to s. 620.2110, the plan of conversion must also be consented to by those limited partners who own a majority of the rights to receive distributions as limited partners at the time the consent is effective, provided, if there is more than one class or group of limited partners, the plan of conversion must be consented to by those limited partners in each class or group which owns a majority of the rights to receive distributions as limited partners in that class or group at the time the consent is effective. The consents required by this subsection must be in, or evidenced by, a record.

(2) Subject to s. 620.2110 and any contractual rights, after a conversion is approved, and at any time before a filing is made under s. 620.2104, a converting limited partnership may amend the plan or abandon the planned conversion: (a) As provided in the plan. (b) Except as prohibited by the plan, by the same consent as was required to approve the plan.