Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/10A-5A-10.02.htm |
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Depth: | 0 singles |
Size: | 986 bytes |
Modified: | 2015-06-10 14:48:32 |
Categories: | -None- |
Title: | 10A-5A-10.02 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 10A-5A-10.02 Action on plan of conversion by converting limited liability company. (a) Subject to Section 10A-5A-10.09, a plan of conversion must be consented to by all the members of a converting limited liability company. (b) Subject to Section 10A-5A-10.09 and any contractual rights, after a conversion is approved, and at any time before a filing is made under Section 10A-5A-10.03, a converting limited liability company 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. (Act 2014-144, p. 265, ยง1.) |