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Code · Nebraska · Chapter 21 — Corporations and Other Companies

21-176. Action on plan of conversion by converting limited liability company.

100 words·~1 min read·/ne/chapter-21/21-176

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(RULLCA 1007)
(a)Subject to section 21-183 , a plan of conversion must be consented to by all the members of a converting limited liability company.
(b)Subject to section 21-183 and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the Secretary of State for filing under section 21-177 , a converting limited liability company may amend the plan or abandon the conversion:
(1)as provided in the plan; or
(2)except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.
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