{"data":{"id":"us-ri/r.i.-gen.-laws-7-12.1-1143","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-12.1-1143","heading":"Approval of conversion.","body":"(a) A plan of conversion is not effective unless it has been approved:\n(1) By a domestic converting partnership, by all the partners of the partnership entitled to vote on or consent to any matter; and\n(2) In a record, by each partner of a domestic converting partnership which will have interest holder liability for debts, obligations, and other liabilities that are incurred after the conversion becomes effective, unless:\n(i) The partnership agreement of the partnership provides in a record for the approval of a conversion or a merger in which some or all of its partners become subject to interest holder liability by the affirmative vote or consent of fewer than all the partners; and\n(ii) The partner voted for or consented in a record to that provision of the partnership agreement or became a partner after the adoption of that provision.\n(b) A conversion involving a domestic converting entity that is not a partnership is not effective unless it is approved by the domestic converting entity in accordance with its organic law.\n(c) A conversion of a foreign converting entity is not effective unless it is approved by the foreign entity in accordance with the law of the foreign entity’s jurisdiction of formation.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 12.1 Uniform Partnership Act","Article 11 Merger, Interest Exchange, Conversion, and Domestication","Part 4 Conversion"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-12.1/7-11/7-4/7-12.1-1143.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:41:19Z","sha256":"c726c71c939cb19a22f97d915c7ded954a5686cfd0ca918f97272d6bf667d92b","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-12.1-1142","next":"us-ri/r.i.-gen.-laws-7-12.1-1144"},"notice":"GroundRules: Original legal text. Not legal advice."}