47-34A-903. Action on plan of merger by constituent limited liability company.
98 words·~1 min read·
/sd/title-47/chapter-47-34/47-34a-903A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Subject to § 47-34A-914 , a plan of merger must be consented to by all the members of a constituent limited liability company.
(b)Subject to § 47-34A-914 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 § 47-34A-904 , 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.