Legislation
SECTION 121-1101
Merger and consolidation of limited partnerships
Partnership (PTR) CHAPTER 39, ARTICLE 8-A
§ 121-1101. Merger and consolidation of limited partnerships. One or
more limited partnerships formed under this article or which complies
with subdivision (a) of section 121-1202 of this article may merge with,
or consolidate into, a limited partnership formed under this article or
which complies with subdivision (a) of such section or under the law of
any other state. Whenever used in this article, "merger" shall mean a
procedure in which two or more limited partnerships merge into a single
limited partnership which shall be one of the constituent limited
partnerships and "consolidation" shall mean a procedure in which two or
more limited partnerships consolidate into a single limited partnership
which shall be a new limited partnership to be formed pursuant to the
consolidation.
more limited partnerships formed under this article or which complies
with subdivision (a) of section 121-1202 of this article may merge with,
or consolidate into, a limited partnership formed under this article or
which complies with subdivision (a) of such section or under the law of
any other state. Whenever used in this article, "merger" shall mean a
procedure in which two or more limited partnerships merge into a single
limited partnership which shall be one of the constituent limited
partnerships and "consolidation" shall mean a procedure in which two or
more limited partnerships consolidate into a single limited partnership
which shall be a new limited partnership to be formed pursuant to the
consolidation.