North Dakota § 45-21-03 (903) Plan of conversion approval and amendment

North Dakota Statutes

§ 45-21-03 — (903) Plan of conversion approval and amendment

North Dakota·Title 45 Partnerships·Ch. 45-21 Conversions and Mergers

1. If the converting organization is a partnership, then: a. A plan of conversion must be consented to by all of the partners of a converting partnership. b. Subject to any contractual rights, after a conversion is approved, and at any time before a filing is made under section 45-21-04, a converting partnership may amend the plan or abandon the planned conversion:

(1)As provided in the plan; and

(2)Except as prohibited by the plan, by the same consent as was required to approve the plan. 2. If the converting organization is not a partnership, then the approval and the amendment of the plan of conversion must comply with the governing statute in effecting the conversion.

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1. If the converting organization is a partnership, then:
a. A plan of conversion must be consented to by all of the partners of a converting
partnership.
b. Subject to any contractual rights, after a conversion is approved, and at any time
before a filing is made under section 45-21-04, a converting partnership may
amend the plan or abandon the planned conversion:
(1) As provided in the plan; and
(2) Except as prohibited by the plan, by the same consent as was required to
approve the plan.
2. If the converting organization is not a partnership, then the approval and the
amendment of the plan of conversion must comply with the governing statute in
effecting the conversion.

North Dakota § 45-21-03 ((903) Plan of conversion approval and amendment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.