35-12-1503: Action on plan of conversion by converting limited partnership.

(1) Subject to 35-12-1515, a plan of conversion must be consented to by all the partners of a converting limited partnership.

(2) Subject to 35-12-1515 and any contractual rights, after a conversion is approved, and at any time before a filing is made under 35-12-1504, a converting limited partnership may amend the plan or abandon the planned conversion:

(a) as provided in the plan; and

(b) except as prohibited by the plan, by the same consent as was required to approve the plan.