Public-domain · open source
OpenJurist

Minn. Stat. § 322C.1008

ACTION ON PLAN OF CONVERSION BY CONVERTING LIMITED LIABILITY COMPANY.

Known as the Minnesota Revised Uniform Limited Liability Company Act

The act spans §§ 322–322 (92 sections).

2014 c 157 art 1 s 77

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.

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.

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.