Okla. Stat. tit. 54, § 54-500-1110A: Restrictions on approval of conversions and mergers
Where this section sits in the code
- OK Code
- Title 54
and on relinquishing LLP Status.
RESTRICTIONS ON APPROVAL OF CONVERSIONS AND MERGERS AND ON
RELINQUISHING LLLP STATUS.
(a) If a partner of a converting or constituent limited
partnership will have personal liability with respect to a converted
or surviving organization, approval and amendment of a plan of
conversion or merger are ineffective without the consent of the
partner, unless:
(1) the limited partnership’s partnership agreement provides
for the approval of the conversion or merger with the consent of
fewer 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 is 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 does 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 2026-09-14T18:32:36Z. Source file · JSON