(a) Subject to Section 10A-8A-9.10, a plan of conversion must be consented to by all the partners of a converting partnership.
(b) Subject to Section 10A-8A-9.10 and any contractual rights, after a conversion is approved, and at any time before a filing is made under Section 10A-8A-9.04, 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 as was required to approve the plan.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 8A - Alabama Partnership Law
Article 9 - Conversions and Mergers.
Section 10A-8A-9.01 - Definitions.
Section 10A-8A-9.02 - Conversion.
Section 10A-8A-9.03 - Action on Plan of Conversion by Converting Partnership.
Section 10A-8A-9.04 - Filings Required for Conversion; Effective Date.
Section 10A-8A-9.05 - Effect of Conversion.
Section 10A-8A-9.07 - Action on Plan of Merger by Constituent Partnership.
Section 10A-8A-9.08 - Filings Required for Merger; Effective Date.
Section 10A-8A-9.09 - Effect of Merger.
Section 10A-8A-9.11 - Liability of Partner After Conversion or Merger.