Arizona Laws 29-4002. Appraisal rights
Current as of: 2023 | Check for updates
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An interest holder of a domestic limited liability company that is a merging, converting, domesticating or dividing entity or the acquired entity in an interest exchange is entitled to contractual appraisal rights in connection with a transaction under this article to the extent provided in the operating agreement or the plan.
Terms Used In Arizona Laws 29-4002
- Appraisal: A determination of property value.
- Operating agreement: means the agreement, whether or not referred to as an operating agreement and whether oral, implied, in a record or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in section 29-3105, subsection A. See Arizona Laws 29-3102
- Plan: means a plan of merger, interest exchange, conversion, domestication or division, as applicable. See Arizona Laws 29-4001
- Transaction: means a merger, an interest exchange, a conversion, a domestication or a division, as applicable. See Arizona Laws 29-4001