§ 7-13.1-1122. Plan of merger. [Effective January 1, 2023.]
(a) A domestic limited partnership may become a party to a merger under this subpart by approving a plan of merger. The plan must be in a record and contain:
(1) As to each merging entity, its name, jurisdiction of formation, and type of entity;
(2) If the surviving entity is to be created in the merger, a statement to that effect and the entity’s name, jurisdiction of formation, and type of entity;
(3) The manner of converting the interests in each party to the merger into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing;
(4) If the surviving entity exists before the merger, any proposed amendments to:
(i) Its public organic record, if any; and
(ii) Its private organic rules that are, or are proposed to be, in a record;
(5) If the surviving entity is to be created in the merger:
(i) Its proposed public organic record, if any; and
(ii) The full text of its private organic rules that are proposed to be in a record;
(6) The other terms and conditions of the merger; and
(7) Any other provision required by the law of a merging entity’s jurisdiction of formation or the organic rules of a merging entity.
(b) In addition to the requirements of subsection (a) of this section, a plan of merger may contain any other provision not prohibited by law.
History of Section.P.L. 2022, ch. 121, § 2, effective January 1, 2023; P.L. 2022, ch. 122, § 2, effective January 1, 2023.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-13.1 - Uniform Limited Partnership Act [Effective January 1, 2023.]
Part 11 - Merger, Interest Exchange, Conversion, and Domestication [Effective January 1, 2023.]
Subpart 2 - Merger [Effective January 1, 2023.]
Section 7-13.1-1121. - Merger authorized. [Effective January 1, 2023.]
Section 7-13.1-1122. - Plan of merger. [Effective January 1, 2023.]
Section 7-13.1-1123. - Approval of merger. [Effective January 1, 2023.]
Section 7-13.1-1124. - Amendment or abandonment of plan of merger. [Effective January 1, 2023.]
Section 7-13.1-1125. - Articles of merger — Effective date of merger. [Effective January 1, 2023.]
Section 7-13.1-1126. - Effect of merger. [Effective January 1, 2023.]