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New Jersey Statutes, Title: 42, PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS

    Chapter 2c: Revised Uniform Limited Liability Company Act

      Section: 42:2c-79: Action on plan of conversion by converting limited liability company.

          
79. Action on Plan of Conversion by Converting Limited Liability Company.

a. Subject to section 86 of this act, a plan of conversion shall be consented to by all the members of a converting limited liability company.

b. Subject to section 86 of this act and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the filing office for filing under section 80 of this act, a converting limited liability company may amend the plan or abandon the conversion:

(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.

L.2012, c.50, s.79.

This section added to the Rutgers Database: 2012-10-16 15:26:23.






Older versions of 42:2c-79 (if available):



Court decisions that cite this statute: CLICK HERE.