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Me. Rev. Stat. tit. 31, § 1433

Action on plan of conversion by converting limited partnership

PL 2005, c. 543, §C2 (NEW).

1. Consent. Subject to section 1440, a plan of conversion must be consented to by all the partners of a converting limited partnership.

2. Amend plan or abandon planned conversion. Subject to section 1440 and any contractual rights, after a conversion is approved, and at any time before a filing is made under section 1434, a converting limited partnership may amend the plan or abandon the planned conversion:

A. As provided in the plan; and

B. Except as prohibited by the plan, by the same consent as was required to approve the plan.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.