Sec. 37-21. Action on plan of merger by constituent limited liability company.
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/il/chapter-805/act-180/37-21·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 37-21. Action on plan of merger by constituent limited liability company.
(a)Subject to Section 37-36, a plan of merger must be consented to by all the members of a constituent limited liability company.
(b)Subject to Section 37-36 and any contractual rights, after a merger is approved and at any time before articles of merger are delivered to the Secretary of State for filing under Section 37-25, 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.