N.D. Cent. Code § 10-32.1-57

Current through 2024 Legislative Session
Section 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.C.C. § 10-32.1-57

Added by S.L. 2015, ch. 87 (HB 1136),§ 19, eff. 7/1/2015.