Ark. Code Ann. § 4-32-1203: Action on plan of conversion by converting limited liability company.
Where this section sits in the code
- Title 4 Business and Commercial Law
- Subtitle 3. Corporations and Associations
- Chapter 32 Small Business Entity Tax Pass Through Act
- Subchapter 12 — Conversion and Merger
(a) Unless otherwise provided in writing in an operating agreement, a plan of conversion must be consented to by more than one-half (½) by number of the members of a converting limited liability company.
(b) Subject to any contractual rights, until a conversion is filed under § 4-32-1204, a converting limited liability company 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 required to approve the plan.
Collected 2026-09-17T21:07:03Z. Source file · JSON