Limited Liability Companies 

Alaska Statutes > Title 10 > Chapter 10.50 > § 10.50.510 - Approval of merger or consolidation

     (a) Unless otherwise provided in an operating agreement of the company, a limited liability company may not approve a proposed merger or consolidation unless the merger or consolidation is approved by all of the members of the company.

     (b) A foreign limited liability company that is a party to a proposed merger or consolidation may not approve the merger or consolidation unless the merger or consolidation is approved in the manner and by the vote required by the law applicable to the foreign limited liability company.

     (c) A party to a merger or consolidation under this chapter may abandon the merger or consolidation as provided in the merger or consolidation agreement.

Previous section	Chapter 10.50 Table of Contents	Next section

________________________________________________________________________

See also:

Alaska Statutes Chapter 10.50 - Alaska Revised Limited Liability Company Act

Related Articles: Limited Liability Companies

Limited Liability Company

LLC Operating Agreements

Comments (0)