620.2110 Restrictions on approval of conversions and mergers and on relinquishing limited liability limited partnership status.—
(1) If a partner of a converting or constituent limited partnership will have personal liability with respect to a converted or surviving organization, approval and amendment of a plan of conversion or merger are ineffective without the consent of the partner, unless:
(a) The limited partnership’s partnership agreement provides for the approval of the conversion or merger with the consent of fewer than all the partners.
(b) The partner has consented to the provision of the partnership agreement.
(2) An amendment to a certificate of limited partnership which deletes a statement that the limited partnership is a limited liability limited partnership is ineffective without the consent of each general partner unless:
(a) The limited partnership’s partnership agreement provides for the amendment with the consent of less than all the general partners.
(b) Each general partner that does not consent to the amendment has consented to the provision of the partnership agreement.
(3) A partner does not give the consent required by subsection (1) or subsection (2) merely by consenting to a provision of the partnership agreement which permits the partnership agreement to be amended with the consent of fewer than all the partners.
History.—s. 17, ch. 2005-267.
Section: Previous 620.2103 620.2104 620.2105 620.2106 620.2107 620.2108 620.2109 620.2110 620.2111 620.2112 620.2113 620.2114 620.2115 620.2116 620.2117 NextLast modified: September 23, 2016