42:2C-75 Action on plan of merger by constituent limited liability company.
75.Action on Plan of Merger by Constituent Limited Liability Company.
a.Subject to section 86 of this act, a plan of merger shall be consented to by all the members of a constituent limited liability company.
b.Subject to section 86 of this act and any contractual rights, after a merger is approved, and at any time before articles of merger are delivered to the filing office for filing under section 76 of this act, a constituent limited liability company may amend the plan 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.
L.2012, c.50, s.75.
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Last modified: October 11, 2016