2025 Session
Last amended: 2014 session
§ 322C.1008 — Action on Plan of Conversion by Converting Limited Liability Company
Plain-Language Summary
A foreign LLC that registers in Minnesota is subject to Minnesota law for its business activities here.
322C.1008 ACTION ON PLAN OF CONVERSION BY CONVERTING LIMITED LIABILITY COMPANY.
§
Subdivision 1.Member consent required.
Subject to section 322C.1015, a plan of conversion must be consented to by all the members of a converting limited liability company. §
Subd. 2.Amendment of plan or abandonment of conversion.
Subject to section 322C.1015 and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the secretary of state for filing under section 322C.1009, a converting limited liability company may amend the plan or abandon the conversion:
(1) as provided in the plan; or
(2) except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.
History:
History: History:
2014 c 157 art 1 s 77
Practical Notes
Once your out-of-state LLC registers in Minnesota, it must follow Minnesota law for business done here.