Arkansas Code § 4-46-903 - Action on Plan of Conversion by Converting Partnership

(a) Subject to § 4-46-910, a plan of conversion must be consented to by all of the partners of a converting partnership.

(b) Subject to § 4-46-910 and any contractual rights, until a conversion is filed under § 4-46-904, 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 required to approve the plan.

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Last modified: November 15, 2016