Pennsylvania Statutes

§ 323 — Approval by general partnership

Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART I·Ch. 3 ENTITY TRANSACTIONS·Subch. APPROVAL OF ENTITY TRANSACTIONS
(a)General rule.--A plan shall be approved in the case of a domestic general partnership as follows:
(1)in the manner provided in its organic rules for the type of plan involved;
(2)if its organic rules do not provide for approval of the type of plan involved, in the manner provided in its organic rules for approval of a plan of merger; or
(3)if its organic rules do not provide for approval of the type of plan involved or a plan of merger, the plan shall be approved by all of the partners.
(b)Cross reference.--See section 3304(b) (relating to election of benefit corporation status).

Free access — add to your briefcase to read the full text and ask questions with AI

Pennsylvania § 323 (Approval by general partnership) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

10
View on official source ↗