STATE STATUTES & CODES
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ALABAMA STATUTES AND CODES
Section 10-9C-1110 (Effective January 1, 2010) Restrictions on approval of conversions and mergers and on relinquishing LLLP status.
(Effective January 1, 2010) 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 personal liability with respect to a converted or surviving organization, approval and amendment of a plan of conversion or merger are ineffective without such partner's written consent to such plan.
(b) 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 each general partner's written consent to such amendment.
(c) A partner does not give the consent required by subsection (a) or (b) 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.
(Act 2009-621, §1.)