North Dakota Code 45-10.2-101 – (1107) Plan of merger approval – Amendment and abandonment
Current as of: 2023 | Check for updates
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1. Subject to section 45-10.2-104, a plan of merger must be consented to by all the partners of a constituent limited partnership.
Terms Used In North Dakota Code 45-10.2-101
- 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.
- Partnership: includes a limited liability partnership registered under chapter 45-22. See North Dakota Code 1-01-49
2. Subject to section 45-10.2-104 and any contractual rights, after a merger is approved, and at any time before a filing is made under section 45-10.2-102, a constituent limited partnership may amend the plan or abandon the planned merger:
a. As provided in the plan; and
b. Except as prohibited by the plan, with the same consent as was required to approve the plan.