Minnesota Legislature
Office of the Revisor of Statutes
2021 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
322C.1008 ACTION ON PLAN OF CONVERSION BY CONVERTING LIMITED LIABILITY COMPANY.
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Subdivision 1.Member consent required.
Subject to section 322C.1015, a plan of conversion must be consented to by all the members of a converting limited liability company.
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Subd. 2.Amendment of plan or abandonment of conversion.
Subject to section 322C.1015 and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the secretary of state for filing under section 322C.1009, a converting limited liability company may amend the plan or abandon the conversion:
(1) as provided in the plan; or
(2) except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.
History:
Official Publication of the State of Minnesota
Revisor of Statutes