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 § 35-12-1503

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 12LIMITED PARTNERSHIPS

Part 15Conversion

This text of Montana § 35-12-1503 (Action On Plan Of Conversion By Converting Limited Partnership) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 35-12-1503 (2026).

Text

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.