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Kentucky · Snapshot 09/05/2026

KRS 362.2-960: Restrictions on approval of conversions and mergers and on

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    relinquishing LLLP status.

    (1) If a partner of a converting or constituent limited partnership will have personal

    liability with respect to a converted or surviving organization, then approv al and

    amendment of a plan of conversion or merger are ineffective without the consent of

    that partner, unless:

    (a) The limited partnership's partnership agreement provides for the approval of

    the conversion or merger with the consent of less than all the partners; and

    (b) That partner has consented to that provision of the partnership agreement.

    (2) An amendment to a certificate of limited partnership which deletes a statement that

    the limited partnership is a limited liability limited partnership is ineffective without

    the consent of each general partner unless:

    (a) The limited partnership's partnership agreement provides for that amendment

    with the consent of less than all the general partners; and

    (b) Each general partner that does not consent to the ame ndment has consented to

    that provision of the partnership agreement.

    (3) A partner does not give the consent required by subsection (1) or (2) 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 less than all the partners.

    Collected 2026-09-05T20:58:59Z. Source file · JSON

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