Home Table of Contents

§ 9A-1202. Conversion approval by partners

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2013

West's Annotated Code of Maryland
Corporations and Associations
Title 9a. Revised Uniform Partnership Act (Refs & Annos)
Subtitle 12. Conversions of Partnerships (Refs & Annos)
Effective: October 1, 2013
MD Code, Corporations and Associations, § 9A-1202
§ 9A-1202. Conversion approval by partners
Currentness
Conversion to an other entity
(a) A partnership organized under the laws of this State shall approve the conversion of the partnership to an other entity by the affirmative vote of all of its partners, or a lesser number or percentage specified for conversion in its partnership agreement.
Conversion to a partnership
(b) An other entity seeking to convert to a partnership organized under the laws of this State shall:
(1) Approve the conversion of the other entity to the partnership in the manner and by the vote required by its governing document and the laws of the place where it is incorporated or organized; and
(2) Comply with all other requirements for the formation of a partnership under the laws of this State.
Objections
(c)(1) A partner of a partnership objecting to a conversion of the partnership has the same rights with respect to the partner's interest in the partnership as a stockholder of a Maryland corporation who objects has with respect to the stockholder's stock under Title 3, Subtitle 2 of this article.
(2) The procedures under Title 3, Subtitle 2 of this article shall be applicable to the extent practicable.

Credits

Added by Acts 2013, c. 527, § 2, eff. Oct. 1, 2013; Acts 2013, c. 528, § 2, eff. Oct. 1, 2013.
MD Code, Corporations and Associations, § 9A-1202, MD CORP & ASSNS § 9A-1202
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document