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§1646. Action on plan of conversion by converting limited liability company


Published: 2015

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§1646. Action on plan of conversion by converting limited liability company








1. Consent.  
A plan of conversion must be consented to by all the members of a converting limited
liability company.


[
2009, c. 629, Pt. A, §2 (NEW);
2009, c. 629, Pt. A, §3 (AFF)
.]








2. Amend or abandon.  
After a conversion is approved, and at any time before the statement of conversion
is delivered to the office of the Secretary of State for filing under section 1647,
a converting limited liability company may amend the plan or abandon the conversion:





A. As provided in the plan; or [2009, c. 629, Pt. A, §2 (NEW); 2009, c. 629, Pt. A, §3 (AFF).]











B. Except as otherwise prohibited in the plan, by the same consent as was required to
approve the plan. [2009, c. 629, Pt. A, §2 (NEW); 2009, c. 629, Pt. A, §3 (AFF).]








[
2009, c. 629, Pt. A, §2 (NEW);
2009, c. 629, Pt. A, §3 (AFF)
.]





SECTION HISTORY

2009, c. 629, Pt. A, §2 (NEW).
2009, c. 629, Pt. A, §3 (AFF).