§ 4-47-1103 - Action on plan of conversion by converting limited partnership. - Arkansas Statutes

4-47-1103. Action on plan of conversion by converting limited partnership.

(a) Subject to 4-47-1110, a plan of conversion must be consented to by all the partners of a converting limited partnership.

(b) Subject to 4-47-1110 and any contractual rights, after a conversion is approved, and at any time before a filing is made under 4-47-1104, a converting limited 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 as was required to approve the plan.