D.C. Code § 29-710.06: Restrictions on approval of mergers and on relinquishing limited liability limited partnership status.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 7. Limited Partnerships.
- Subchapter X. Merger.
(a)
If a partner of a constituent limited partnership will have personal liability with respect to any organization as a result of a merger, approval and amendment of a plan of merger shall be ineffective without the consent of that partner, unless:
(1)
The limited partnership’s partnership agreement provides for the approval of the merger with the consent of less than all the partners; and
(2)
The partner has consented to the provision of the partnership agreement.
(b)
An amendment to a certificate of limited partnership which deletes a statement that the limited partnership is a limited liability limited partnership shall be ineffective without the consent of each general partner unless:
(1)
The limited partnership’s partnership agreement provides for the amendment with the consent of less than all the general partners; and
(2)
Each general partner that does not consent to the amendment has consented to the provision of the partnership agreement.
(c)
A partner shall not give the consent required by subsection (a) or (b) of this section merely by consenting to a provision of the partnership agreement which permits the partnership agreement to be amended with the consent of fewer than all the partners.
Collected 2026-08-29T05:44:07Z. Source file · JSON