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Minn. Stat. § 321.1116

ACTION ON PLAN OF DOMESTICATION BY DOMESTICATING LIMITED PARTNERSHIP.

Known as the Uniform Limited Partnership Act

The act spans §§ 321–321 (112 sections).

2018 c 103 s 24; 2019 c 50 art 1 s 103

Subdivision 1. Consent required.

A plan of domestication must be consented to:

(1) by all the partners, subject to section 321.1119 if the domesticating organization is a limited partnership; and

(2) as provided in the domesticating organization's governing statute, if the organization is a foreign limited partnership.

Subd. 2. Amendment of plan or abandonment of domestication.

Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are filed with the secretary of state under section 321.1117 , a domesticating limited partnership may amend the plan or abandon the domestication:

(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.

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.