N.D. Cent. Code § 10-32.1-57
This is the official text of N.D. Cent. Code § 10-32.1-57, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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10-32.1-57. Action on a plan of merger or exchange by a constituent limited liability company
Official statutory text
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.
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.
Status: in_force · Read it on the official government site
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