275.350 Approval of proposed merger -- No right of dissent.
143 words·~1 min read·
/ky/chapter-275/275-350A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Unless otherwise provided in a written operating agreement, a limited liability
company that is a party to a proposed merger shall approve the plan of merger in
KRS 275.355 by a majority-in-interest of the members.
(2)Each business entity that is a party to a proposed merger shall approve the plan of
merger in the manner and by the vote required by the laws applicable to the
business entity.
(3)Each business entity that is a party to the merger shall have the rights to abandon the
merger as provided for in the plan of merger or in the laws applicable to the
business entity.
(4)Unless otherwise provided in the articles of organization, a written operating
agreement, or a written agreement and plan of merger, no member of a limited
liability company shall have the right to dissent from a merger.