620.2103 Action on plan of conversion by converting limited partnership.—
(1) A plan of conversion must be consented to by all of the general partners of a converting limited partnership. Subject to s. 620.2110, the plan of conversion must also be consented to by those limited partners who own a majority of the rights to receive distributions as limited partners at the time the consent is effective, provided, if there is more than one class or group of limited partners, the plan of conversion must be consented to by those limited partners in each class or group which owns a majority of the rights to receive distributions as limited partners in that class or group at the time the consent is effective. The consents required by this subsection must be in, or evidenced by, a record.
(2) Subject to s. 620.2110 and any contractual rights, after a conversion is approved, and at any time before a filing is made under s. 620.2104, a converting limited partnership may amend the plan or abandon the planned conversion:
(a) As provided in the plan.
(b) Except as prohibited by the plan, by the same consent as was required to approve the plan.
History.—s. 17, ch. 2005-267.
Section: Previous 620.2001 620.2002 620.2003 620.2004 620.2005 620.2101 620.2102 620.2103 620.2104 620.2105 620.2106 620.2107 620.2108 620.2109 620.2110 NextLast modified: September 23, 2016