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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/10A-8A-9.03.htm
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Modified:2018-11-13 10:10:44
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Title:10A-8A-9.03
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Body:Section 10A-8A-9.03

Action on plan of conversion by converting partnership.

(a) Subject to Section 10A-8A-9.10, a plan of conversion must be consented to by all the partners of a converting partnership.

(b) Subject to Section 10A-8A-9.10 and any contractual rights, after a conversion is approved, and at any time before a filing is made under Section 10A-8A-9.04, 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.

(Act 2018-125, ยง7.)