§ 25.15.465. Merger -- Not effective within sixty days -- Transfer restrictions
(1) If the proposed merger does not become effective within sixty days after the date set for demanding payment, the limited liability company shall release any transfer restrictions imposed as permitted by RCW 25.15.455.
(2) If, after releasing transfer restrictions, the proposed merger becomes effective, the limited liability company must send a new dissenters' notice as provided in RCW 25.15.435(2) and 25.15.445 and repeat the payment demand procedure.
[1994 c 211 § 1209.]
Sections: Previous 25.15.430 25.15.435 25.15.440 25.15.445 25.15.450 25.15.455 25.15.460 25.15.465 25.15.470 25.15.475 25.15.480 25.15.800 25.15.805 25.15.810 25.15.900 NextLast modified: April 7, 2009