(a) In this subtitle, “other entity” means: (1) A Maryland corporation incorporated under Title 2 of this article; (2) A foreign corporation, as defined in § 1–101 of this article; (3) A domestic limited liability company, as defined in §�4A–101 of this article; (4) A foreign limited liability company, as defined in §�4A–101 of this article; (5) A limited partnership, including […]
(a) A partnership organized under the laws of this State shall approve the conversion of the partnership to an other entity by the affirmative vote of all of its partners, or a lesser number or percentage specified for conversion in its partnership agreement. (b) An other entity seeking to convert to a partnership organized under the laws […]
(a) In this section, “facts ascertainable outside the articles of conversion” includes: (1) An action or a determination by any person, including: (i) The partnership or other entity, as applicable; (ii) The partners, members, directors, trustees, officers, or other agents of the partnership or other entity; and (iii) Any other person affiliated with the partnership or other entity; and (2) Any […]
(a) A conversion has the effects provided in this section. (b) (1) This subsection applies on the conversion of a partnership organized under the laws of this State to an other entity. (2) The partnership shall cease to exist as a partnership under the laws of this State and shall continue to exist as the other entity into which […]
(a) In a conversion of an other entity to a partnership organized under the laws of this State, the stock, membership interests, partnership interests, beneficial interests, or other ownership interests of the other entity may be exchanged for or converted into any one or more of the following: (1) Partnership interests in the partnership or stock, evidence […]
(a) The conversion of an other entity to a partnership organized under the laws of this State shall be completed on the later of: (1) The formation of the partnership in accordance with this title or, in the case of the conversion of an other entity to a limited liability partnership organized under the laws of this […]
(a) Unless the partnership agreement or the articles of conversion provide otherwise, a proposed conversion of a partnership organized under the laws of this State to an other entity may be abandoned before the effective time of the articles of conversion by the affirmative vote of all of the partners of the partnership, or any lesser […]
