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Minn. Stat. § 322C.1003

ACTION ON PLAN OF MERGER OR EXCHANGE BY CONSTITUENT LIMITED LIABILITY COMPANY.

Known as the Minnesota Revised Uniform Limited Liability Company Act

The act spans §§ 322C.0101 to 322C.1205 (92 sections).

2014 c 157 art 1 s 72

Subdivision 1. Member consent required.

Subject to section 322C.1015 , a plan of merger or exchange must be consented to by all the members of a constituent limited liability company.

Subd. 2. Amendment of plan or abandonment of merger or exchange.

Subject to section 322C.1015 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:

(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.

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.