§ 4-46-903 - Action on plan of conversion by converting partnership. - Arkansas Statutes

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.