(a) Unless otherwise provided in an operating agreement of the company, a limited liability company may not approve a proposed merger or consolidation unless the merger or consolidation is approved by all of the members of the company.
(b) A foreign limited liability company that is a party to a proposed merger or consolidation may not approve the merger or consolidation unless the merger or consolidation is approved in the manner and by the vote required by the law applicable to the foreign limited liability company.
(c) A party to a merger or consolidation under this chapter may abandon the merger or consolidation as provided in the merger or consolidation agreement.
Section: Previous 10.50.500 10.50.505 10.50.510 10.50.515 10.50.520 10.50.525 10.50.530 10.50.535 10.50.540 10.50.545 10.50.550 10.50.555 10.50.560 10.50.565 10.50.570 NextLast modified: November 15, 2016