Action on Plan of Conversion by Converting Partnership

Ala. Code § 10A-8A-9.03, under Conversions and Mergers.

Ala. Code § 10A-8A-9.03

(a) Subject to Section 10A-8A-9.10, a plan of conversion must be consented to by all the partners of a converting partnership. (b) Subject to Section 10A-8A-9.10 and any contractual rights, after a conversion is approved, and at any time before a filing is made under Section 10A-8A-9.04, a converting partnership may amend the plan or abandon the planned conversion: (1) as provided in the plan; and (2) except as prohibited by the plan, by the same consent as was required to approve the plan. (Act 2018-125, §7.)