§4149. Action on plan of merger by constituent limited liability company

Link to law: http://legislature.vermont.gov/statutes/section/11/025/04149
Published: 2015

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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.)
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