(a) Unless otherwise provided in the certificate of organization or operating agreement of the limited liability company, a plan of merger must be consented to by two-thirds in interest of the members of the limited liability company.
(b) Subject to any contractual rights, after a merger is approved, and at any time before a certificate of merger becomes effective, a merging limited liability company may amend the plan of merger or abandon the merger: (1) As provided in the plan; or (2) except as otherwise prohibited in the plan, with the same consent as was required to approve the plan.
(P.A. 16-97, S. 89; P.A. 17-108, S. 41.)
History: P.A. 16-97 effective July 1, 2017; P.A. 17-108 amended Subsec. (b) by replacing “articles of merger are delivered to the Secretary of the State for filing under section 34-279j” with “a certificate of merger becomes effective” and by replacing “amend the plan” with “amend the plan of merger”, effective July 1, 2017.