29-368. Definitions A. In this article, unless the context otherwise requires: 1. " Plan" means a plan of merger, interest exchange, conversion, domestication or division, as applicable. 2. " Transaction" means a merger, an interest exchange, a conversion, a domestication or a division, as applicable. B. Except for terms defined in chapters 1 through 17 […]
29-369. Entity restructuring transactions A. If a plan is approved as provided by section 29-370, a domestic limited partnership may be a party to or otherwise undertake a transaction by adopting a plan and otherwise complying with this article and: 1. Chapter 6, article 2 of this title for a merger. 2. Chapter 6, article […]
29-370. Action on plan The plan must be approved by all of the partners or a number or percentage specified for the transaction in the partnership agreement.
29-373. Effect of transaction; definition A. If the post-transaction entity is a domestic limited partnership, a partner of the post-transaction entity is liable for: 1. All obligations of an entity that is a party to or otherwise undertakes the transaction for which the partner was personally liable before the transaction. 2. All other obligations of […]
