29-4001. Definitions A. In this article, unless the context otherwise requires: 1. " Plan" means a plan of merger, interest exchange, conversion, domestication or division, as applicable. 2. " Transaction" means a merger, an interest exchange, a conversion, a domestication or a division, as applicable. B. Except for terms defined in section 29-3102 or unless […]
29-4002. Appraisal rights An interest holder of a domestic limited liability company that is a merging, converting, domesticating or dividing entity or the acquired entity in an interest exchange is entitled to contractual appraisal rights in connection with a transaction under this article to the extent provided in the operating agreement or the plan.
29-4003. Entity restructuring transactions A. If a plan is approved as provided by section 29-4004, a domestic limited liability company may be a party to or otherwise undertake a transaction by adopting a plan and otherwise complying with this article and: 1. Chapter 6, article 2 of this title for a merger. 2. Chapter 6, […]
29-4004. Action on plan If a domestic limited liability company is a merging, converting, domesticating or dividing entity or the acquired entity in an interest exchange, a plan must be approved by all the members of the company entitled to vote on or consent to any matter.
29-4005. Statement of merger or other transaction as articles of termination; publication or posting A. A statement of merger, conversion, domestication or division shall serve as the articles of termination for a domestic limited liability company that is not the surviving or resulting business entity in a transaction. B. If a statement of merger includes […]
