Illinois Compiled Statutes 805 ILCS 215/1107 – Action on plan of merger by constituent limited partnership
Current as of: 2024 | Check for updates
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(a) Subject to Section 1110, a plan of merger must be consented to by all the partners of a constituent limited partnership.
(b) Subject to Section 1110 and any contractual rights, after a merger is approved, and at any time before a filing is made under Section 1108, a constituent limited partnership may amend the plan or abandon the planned merger:
(1) as provided in the plan; and
(2) except as prohibited by the plan, with the same
(b) Subject to Section 1110 and any contractual rights, after a merger is approved, and at any time before a filing is made under Section 1108, a constituent limited partnership may amend the plan or abandon the planned merger:
Terms Used In Illinois Compiled Statutes 805 ILCS 215/1107
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(1) as provided in the plan; and
(2) except as prohibited by the plan, with the same
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consent as was required to approve the plan.
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