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Mont. Code Ann. § 35-12-1503

Action on plan of conversion by converting limited partnership

Known as the Uniform Limited Partnership Act

The act spans §§ 35–35 (164 sections).

En

(1) Subject to 35-12-1515, a plan of conversion must be consented to by all the partners of a converting limited partnership.

(2) Subject to 35-12-1515 and any contractual rights, after a conversion is approved, and at any time before a filing is made under 35-12-1504, 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: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.