{"data":{"id":"us-ar/ark.-code-ann.-4-32-1203","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-32-1203","heading":"Action on plan of conversion by converting limited liability company.","body":"(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.\n(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:\n(1) As provided in the plan; and\n(2) Except as prohibited by the plan, by the same consent required to approve the plan.","path":["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"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended","retrieved_at":"2026-09-17T21:07:03Z","sha256":"500f0b84de0a8b069dc9e6a0a9d0841e21ec4e654419de8b45f7f34f5ff24622","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-32-1202","next":"us-ar/ark.-code-ann.-4-32-1204"},"notice":"GroundRules: Original legal text. Not legal advice."}