Illinois § 1110

Illinois Statutes

§ 1110

Illinois § 1110

JurisdictionIllinois

TopicBUSINESS AND EMPLOYMENT

Ch. 805BUSINESS ORGANIZATIONS

Act 805 ILCS 215/Uniform Limited Partnership Act (2001).

Art.Article 11 - Conversion and Merger

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Bluebook

805 Ill. Comp. Stat. 1110 (2026).

Text

Restrictions on approval of mergers and on relinquishing LLLP status.

(a)If a partner of a constituent limited partnership will have personal liability with respect to a surviving organization, approval and amendment of a plan of merger are ineffective without the consent of the partner, unless:

(1)the limited partnership's partnership agreement provides for the approval of the merger with the consent of fewer than all the partners; and (2) the partner has consented to the provision of the partnership agreement.

(b)An amendment to a certificate of limited partnership which deletes a statement that the limited partnership is a limited liability limited partnership is ineffective without the consent of each general partner unless:

(1)the limited partnership's partnership agreement provid

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Restrictions on approval of mergers and on relinquishing LLLP status. (a) If a partner of a constituent limited partnership will have personal liability with respect to a surviving organization, approval and amendment of a plan of merger are ineffective without the consent of the partner, unless: (1) the limited partnership's partnership agreement provides for the approval of the merger with the consent of fewer than all the partners; and (2) the partner has consented to the provision of the partnership agreement. (b) An amendment to a certificate of limited partnership which deletes a statement that the limited partnership is a limited liability limited partnership is ineffective without the consent of each general partner unless: (1) the limited partnership's partnership agreement provides for the amendment with the consent of less than all the general partners; and (2) each general partner that does not consent to the amendment has consented to the provision of the partnership agreement. (c) A partner does not give the consent required by subsection (a) or (b) merely by consenting to a provision of the partnership agreement which permits the partnership agreement to be amended with the consent of fewer than all the partners.