{"data":{"id":"us-mt/35-12-1515","jurisdiction":"us-mt","citation":"35-12-1515","heading":"Restrictions on approval of conversions and mergers and on relinquishing limited liability limited partnership status.","body":"(1) If a partner of a converting limited partnership or constituent limited partnership will have personal liability with respect to a converted organization or surviving organization, approval and amendment of a plan of conversion or merger are ineffective without the consent of the partner unless:\n(a) 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\n(b) the partner has consented to the provision of the partnership agreement.\n(2) An amendment to a certificate of limited partnership that deletes a statement that the limited partnership is a limited liability limited partnership is ineffective without the consent of each general partner unless:\n(a) the limited partnership's partnership agreement provides for the amendment with the consent of less than all the general partners; and\n(b) each general partner that does not consent to the amendment has consented to the provision of the partnership agreement.\n(3) A partner does not give the consent required by subsection (1) or (2) merely by consenting to a provision of the partnership agreement that permits the partnership agreement to be amended with the consent of fewer than all the partners.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 12. LIMITED PARTNERSHIPS","Part 15. Conversion"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0120/part_0150/section_0150/0350-0120-0150-0150.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:25Z","sha256":"94af54b27b8b262d9dbf4ab257d4b84b41a13473cdb1ff1f69a825beb3f073f9","source_id":"us-mt","stale":false,"prev":"us-mt/35-12-1514","next":"us-mt/35-12-1516"},"notice":"GroundRules: Original legal text. Not legal advice."}