Illinois Compiled Statutes 805 Business Organizations: Article 11 - Conversion and Merger
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1101
Definitions. In this Article: (1) "Constituent limited partnership" means a constituent organization that is a limited partnership. (2) "Constituent organization" means an organization that is...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1102
Conversion. (a) An organization other than a limited partnership may convert to a limited partnership, and a limited partnership may convert to another organization pursuant...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1103
Action on plan of conversion by converting limited partnership. (a) Subject to Section 1110, a plan of conversion must be consented to by all the...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1104
Filings required for conversion; effective date. (a) After a plan of conversion is approved: (1) a converting limited partnership shall deliver to the Secretary of...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1105
Effect of conversion. (a) An organization that has been converted pursuant to this Article is for all purposes the same entity that existed before the...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1106
Merger. (a) A limited partnership may merge with one or more other constituent organizations pursuant to this Section and Sections 1107 through 1109 and a...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1107
Action on plan of merger by constituent limited partnership. (a) Subject to Section 1110, a plan of merger must be consented to by all the...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1108
Filings required for merger; effective date. (a) After each constituent organization has approved a merger, articles of merger must be signed on behalf of: (1)...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1109
Effect of merger. (a) When a merger becomes effective: (1) the surviving organization continues or comes into existence; (2) each constituent organization that merges into...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1110
Restrictions on approval of conversions and mergers and on relinquishing LLLP status. (a) If a partner of a converting or constituent limited partnership will have...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1111
Liability of general partner after conversion or merger. (a) A conversion or merger under this Article does not discharge any liability under Sections 404 and...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1112
Power of general partners and persons dissociated as general partners to bind organization after conversion or merger. (a) An act of a person that immediately...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1113
Article not exclusive. This Article does not preclude an entity from being converted or merged under other law. (Source: P.A. 93-967, eff. 1-1-05.)
Last modified: February 18, 2015