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The Vermont Statutes Online
Title
11
:
Corporations, Partnerships and Associations
Chapter
025
:
LIMITED LIABILITY COMPANIES
Subchapter
010
:
CONVERSION, MERGER, AND DOMESTICATION
§
4149. Action on plan of merger by constituent limited liability company
(a) Subject to
section 4156 of this title, a plan of merger shall be approved in accordance
with the organizational documents of the constituent limited liability company,
or, in the absence of a provision governing approval of conversions, by all the
members of the limited liability company entitled to vote on or consent to any
matter.
(b) Subject to
section 4156 of this title and any contractual rights, after a merger is
approved, and at any time before the articles of merger are delivered to the
Secretary of State for filing under section 4150 of this title, 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. (Added 2015, No. 17, § 2.)