Minnesota Statutes 322C.1008 – Action On Plan of Conversion by Converting Limited Liability Company
Current as of: 2023 | Check for updates
|
Other versions
Subdivision 1.Member consent required.
Subject to section 322C.1015, a plan of conversion must be consented to by all the members of a converting limited liability company.
Subd. 2.Amendment of plan or abandonment of conversion.
Terms Used In Minnesota Statutes 322C.1008
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Terms Used In Minnesota Statutes 322C.1008
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Subject to section 322C.1015 and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the secretary of state for filing under section 322C.1009, a converting limited liability company may amend the plan or abandon the conversion:
(1) as provided in the plan; or
(2) except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.