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-1133. Approval of interest exchange.
Latest version.
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(2) An interest exchange involving a domestic acquired entity that is not a limited partnership is not effective unless it is approved by the domestic entity in accordance with its organic law. (3) An interest exchange involving a foreign acquired entity is not effective unless it is approved by the foreign entity in accordance with the law of the foreign entity's jurisdiction of formation. (4) Except as otherwise provided in its organic law or organic rules, the interest holders of the acquiring entity are not required to approve the interest exchange.
Enacted by Chapter 412, 2013 General Session