UTAH CODE (Last Updated: January 16, 2015) |
Title 48. Partnership |
Chapter 2e. Utah Uniform Limited Partnership Act |
Part 11. Merger, Interest Exchange, Conversion, and Domestication |
§ 48-2e-1124. Amendment or abandonment of plan of merger.
Latest version.
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(1) A plan of merger may be amended only with the consent of each party to the plan, except as otherwise provided in the plan. (3) After a plan of merger has been approved and before a statement of merger becomes effective, the plan may be abandoned as provided in the plan. Unless prohibited by the plan, a domestic merging limited partnership may abandon the plan in the same manner as the plan was approved. (4) If a plan of merger is abandoned after a statement of merger has been delivered to the division for filing and before the statement becomes effective, a statement of abandonment, signed by a party to the plan, must be delivered to the division for filing before the statement of merger becomes effective. The statement of abandonment takes effect on filing, and the merger is abandoned and does not become effective. The statement of abandonment must contain: (a) the name of each party to the plan of merger; (b) the date on which the statement of merger was delivered to the division for filing; and (c) a statement that the merger has been abandoned in accordance with this section.
Enacted by Chapter 412, 2013 General Session