Florida Statutes 620.8913 – Action on plan of conversion by converting partnership
Current as of: 2024 | Check for updates
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(1) A plan of conversion must be consented to by all of the partners of a converting partnership. The consents required by this subsection must be in, or evidenced by, a record.
(2) Subject to s. 620.8920 and any contractual rights, after a conversion is approved, and at any time before a filing is made under s. 620.8914, a converting partnership may amend the plan or abandon the planned conversion:
(a) As provided in the plan.
Terms Used In Florida Statutes 620.8913
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(b) Except as prohibited by the plan, by the same consent as was required to approve the plan.