Oregon Code § 70.510·Enacted ·Last updated March 01, 2026
Statute Text
Action
on plan of conversion.
(1) A plan of conversion shall be approved as follows:
(a) In the case
of a limited partnership, by all the partners, unless a lesser vote is provided
for in the certificate of limited partnership or, in the case of a foreign
limited partnership, by the law of the jurisdiction in which the limited
partnership is organized.
(b) In the case
of a business entity other than a limited partnership, as provided by the
statutes governing that business entity.
(2) After a plan
of conversion is approved, and at any time before articles of conversion are
filed, the planned conversion may be abandoned, subject to any contractual
rights:
(a) By a limited
partnership, without further action by the limited partners, in accordance with
the procedure set forth in the plan of conversion or, if none is set forth, in
the manner determined by the general partners.
(b) By a party to
the conversion that is not a limited partnership, in accordance with the
procedure set forth in the plan of conversion or, if none is set forth, in the
manner permitted by the statutes governing that business entity. [1999 c.362 §58]
Plain English Explanation
This Oregon statute addresses Action
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 70.510
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Action
. Read the full statute text above for details.
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