Montana § 35-12-1503 Action On Plan Of Conversion By Converting Limited Partnership

Montana Statutes

§ 35-12-1503 — Action On Plan Of Conversion By Converting Limited Partnership

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 12 LIMITED PARTNERSHIPS·Part 15 Conversion

35-12-1503 . Action on plan of conversion by converting limited partnership.

(1)Subject to 35-12-1515 , a plan of conversion must be consented to by all the partners of a converting limited partnership.

(2)Subject to 35-12-1515 and any contractual rights, after a conversion is approved, and at any time before a filing is made under 35-12-1504 , a converting limited partnership may amend the plan or abandon the planned conversion:

(a)as provided in the plan; and

(b)except as prohibited by the plan, by the same consent as was required to approve the plan.

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35-12-1503 . Action on plan of conversion by converting limited partnership. (1) Subject to 35-12-1515 , a plan of conversion must be consented to by all the partners of a converting limited partnership.
(2) Subject to 35-12-1515 and any contractual rights, after a conversion is approved, and at any time before a filing is made under 35-12-1504 , a converting limited partnership may amend the plan or abandon the planned conversion:
(a) as provided in the plan; and
(b) except as prohibited by the plan, by the same consent as was required to approve the plan.

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