(a) Upon a merger or consolidation, the limited liability company interests that are to be converted or exchanged into interests, cash, obligations, or other property under the terms of a merger or consolidation agreement are converted as provided by the merger or consolidation agreement.
(b) Upon a merger or consolidation, the former holders of interests converted under (a) of this section have the rights provided in the merger or consolidation agreement or otherwise provided by law.
Section: Previous 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 10.50.580 10.50.590 NextLast modified: November 15, 2016