N.D. Cent. Code § 10-32.1-57

10-32.1-57. Action on a plan of merger or exchange by a constituent limited liability company

Year: 2026Length: 112 wordsOfficial source
10-32.1-57. Action on a plan of merger or exchange by a constituent limited liability company. 1. Subject to section 10-32.1-71, a plan of merger or exchange must be consented to by all the members of a constituent limited liability company. 2. Subject to section 10-32.1-71 and any contractual rights, after a merger or exchange is approved, and at any time before the merger or exchange becomes effective according to this chapter, a constituent limited liability company may amend the plan or abandon the merger or exchange: a. As provided in the plan; or b. Except as otherwise prohibited in the plan, with the same consent as was required to approve the plan.
N.D. Cent. Code § 10-32.1-57: 10-32.1-57. Action on a plan of merger or exchange by a constituent limited liability company | Justis AI