Minnesota § 321.1116 ACTION ON PLAN OF DOMESTICATION BY DOMESTICATING LIMITED PARTNERSHIP

Minnesota Statutes

§ 321.1116 — ACTION ON PLAN OF DOMESTICATION BY DOMESTICATING LIMITED PARTNERSHIP

Minnesota § 321.1116

PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS

Ch. 321UNIFORM LIMITED PARTNERSHIP ACT 2001

This text of Minnesota § 321.1116 (ACTION ON PLAN OF DOMESTICATION BY DOMESTICATING LIMITED PARTNERSHIP) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 321.1116 (2026).

Text

Subdivision 1.Consent required. A plan of domestication must be consented to:

(1)by all the partners, subject to section321.1119if the domesticating organization is a limited partnership; and

(2)as provided in the domesticating organization's governing statute, if the organization is a foreign limited partnership. Subd. 2.Amendment of plan or abandonment of domestication. Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are filed with the secretary of state under section321.1117, a domesticating limited partnership may amend the plan or abandon the domestication:

(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.

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Subdivision 1.Consent required.
A plan of domestication must be consented to:
(1) by all the partners, subject to section321.1119if the domesticating organization is a limited partnership; and
(2) as provided in the domesticating organization's governing statute, if the organization is a foreign limited partnership.

Subd. 2.Amendment of plan or abandonment of domestication.
Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are filed with the secretary of state under section321.1117, a domesticating limited partnership may amend the plan or abandon the domestication:
(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.