Action on Plan of Domestication by Domesticating Limited Partnership
2018 c 103 s 24; 2019 c 50 art 1 s 103
Subd. 1. Consent required.
A plan of domestication must be consented to:
- (1) by all the partners, subject to section 321.1119 if the domesticating organization is a limited partnership; and
- (2) as provided in the domesticating organization's governing statute, if the organization is a foreign limited partnership.
Subd. 2. Amendment of plan or abandonment of domestication.
Subject to any contractual rights, after a domestication is approved, and at any time before articles of domestication are filed with the secretary of state under section 321.1117, a domesticating limited partnership may amend the plan or abandon the domestication:
- (1) as provided in the plan; or
- (2) except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.