1999 Minnesota Statutes

     322A.88 Limited liability limited partnership. 

    (a) A limited partnership may become a limited liability 
 limited partnership by: 

    (1) obtaining approval of the terms and conditions under 
 which the limited partnership elects limited liability limited 
 partnership status by the vote necessary to amend the limited 
 partnership agreement except, in the case of a limited 
 partnership agreement that expressly considers contribution 
 obligations, the vote necessary to amend those provisions; 

    (2) filing a statement of qualification under section 
 323A.10-01(c) of the Uniform Partnership Act (1994); and 

    (3) complying with the name requirements of section 
 322A.02, paragraph (a), clause (1), as those requirements 
 pertain to a limited liability limited partnership.  

    (b) A limited liability limited partnership continues to be 
 the same entity that existed before the filing of a statement of 
 qualification under section 323A.10-01(c) of the Uniform 
 Partnership Act (1994). 

    (c) Sections 323A.3-06(c) and 323A.3-07(d) of the Uniform 
 Partnership Act (1994) apply to both general and limited 
 partners of a limited liability limited partnership. 

    HIST: 1997 c 174 art 12 s 61; 1998 c 262 s 2; 1999 c 85 art 3 
 s 14