(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 partnership, as defined […]
(a) Unless the partnership agreement specifies the manner of authorizing a conversion of the limited partnership, the limited partnership shall approve the conversion of the limited partnership to an other entity by the affirmative vote of all of the general partners and a majority in interest of the limited partners. (b) An other entity seeking to convert […]
(a) In this section, “facts ascertainable outside the articles of conversion” includes: (1) An action or a determination by any person, including: (i) The limited partnership or other entity, as applicable; (ii) The partners, members, directors, trustees, officers, or other agents of the limited partnership or other entity; and (iii) Any other person affiliated with the limited partnership or other […]
(a) A conversion has the effects provided in this section. (b) (1) This subsection applies on the conversion of a limited partnership to an other entity. (2) The limited partnership shall cease to exist as a limited partnership and shall continue to exist as the other entity into which the partnership has converted, and the other entity, for all […]
(a) In a conversion of an other entity to a limited partnership, 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 limited partnership or stock, evidence of indebtedness, membership interests, partnership […]
(a) The conversion of an other entity to a limited partnership shall be completed on the later of: (1) The formation of the limited partnership in accordance with this title; or (2) The effectiveness of articles of conversion filed for record with the Department. (b) The conversion of a limited partnership to an other entity shall be completed on […]
(a) Unless the partnership agreement or the articles of conversion provide otherwise, a proposed conversion of a limited partnership to an other entity may be abandoned before the effective time of the articles of conversion by a vote of the majority of the general partners and a majority in interest of the limited partners of the […]
