21-172. Action on plan of merger by constituent limited liability company.
100 words·~1 min read·
/ne/chapter-21/21-172A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(RULLCA 1003)
(a)Subject to section 21-183 , a plan of merger must be consented to by all the members of a constituent limited liability company.
(b)Subject to section 21-183 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 21-173 , 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.