Examples of MRULPA in a sentence
The General Partner shall, upon dissolution of the Partnership in compliance with Section 801 of the Michigan Revised Uniform Limited Partnership Act (“MRULPA”), file a certificate of cancellation (the “Certificate of Cancellation”) with the appropriate authorities in the State of Michigan, so as to cancel the Partnership’s certificate of limited partnership, which shall be filed in the office of the administrator, pursuant to Section 203 of MRULPA.
The OP Units, when issued, will have been duly and validly authorized and issued, free of any preemptive or similar rights, without any obligation to restore capital except as required by the MRULPA or as agreed between the OP and any limited partner in the OP.
The OP has been duly formed and is validly existing as a limited partnership in good standing under the MRULPA with the requisite partnership power and authority to own, lease and operate its assets, conduct the business in which it is engaged and perform its obligations under this Agreement.
The Merger shall have the effects specified in the DLLCA and MRULPA.
Following dissolution and the filing of the Certificate of Cancellation, Section 804 of MRULPA grants the General Partner the right, on properly dissolving the Partnership, to wind up the Partnership’s affairs, which may include the liquidation of any other remaining assets.
Following dissolution and the filing of the Certificate of Cancellation, Section 804 of MRULPA grants the General Partner the right, on properly dissolving the Partnership, to wind-up the Partnership’s affairs, which may include the liquidation of any other remaining assets.
The Partnership Merger shall have the effects specified in Section 10-208 of the MRULPA and Section 17-211 of the Delaware Revised Uniform Limited Partnership Act (the "DRULPA").
The General Assembly’s insertion of language restricting the court that may order dissolution in the MLLCA and the MRULPA, while omitting the same language in MRUPA’s dissolution statute, indicates that Maryland’s legislative body intended to impose an additional limitation.
Under the Partnership Agreement and the MRULPA, approval of the Proposed Amendment and the Proposed Merger requires the affirmative vote or written consent of the General Partners and limited partners holding a majority of the outstanding Units (including any Units owned by the Purchaser).
The holders of PDC Common OP Units are entitled to appraisal rights in accordance with the MRULPA as a result of the Partnership Merger, but are not entitled to any other similar rights as a result of the Mergers.