Section 10A-5A-10.02 - Action on plan of conversion by converting limited liability company(a) Subject to Section 10A-5A-10.09, a plan of conversion must be consented to by all the members of a converting limited liability company.(b) Subject to Section 10A-5A-10.09 and any contractual rights, after a conversion is approved, and at any time before a filing is made under Section 10A-5A-10.03, a converting limited liability company may amend the plan or abandon the planned conversion:(1) as provided in the plan; and(2) except as prohibited by the plan, by the same consent as was required to approve the plan.Ala. Code § 10A-5A-10.02 (1975)
Added by Act 2014-144,§ 1, eff. 1/1/2015.