Action on plan of merger by constituent limited liability company

Checkout our iOS App for a better way to browser and research.

  1. (a) Unless otherwise provided in writing in an operating agreement, a plan of merger must be consented to by more than one-half (1/2) by number of the members of a constituent limited liability company.

  2. (b) Subject to any contractual rights, until articles of merger are filed under § 4-32-1208 a constituent limited liability company may amend the plan or abandon the planned merger:

    1. (1) As provided in the plan; and

    2. (2) Except as prohibited by the plan, with the same consent required to approve the plan.


Download our app to see the most-to-date content.