2022 Minnesota Statutes

323A.0911 ACTION ON PLAN OF DOMESTICATION BY DOMESTICATING PARTNERSHIP.

Subdivision 1.Consent required.

A plan of domestication must be consented to:

(1) by all the partners, subject to section 323A.0914, if the domesticating partnership is a domestic partnership; and

(2) as provided in the domesticating partnership's governing statute, if the company is a foreign limited liability company.

Subd. 2.Amendment of plan or abandonment of domestication.

Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are filed with the secretary of state under section 323A.0912, a domesticating partnership may amend the plan or abandon the domestication:

(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:

2018 c 103 s 37