Indiana Code 23-18.1-3-5. Plan of merger, consolidation, conversion, or share exchange affecting status; unanimous consent
Current as of: 2023 | Check for updates
|
Other versions
Sec. 5. (a) This section does not apply to a limited liability company that is a party to a merger if the members of the limited liability company are not entitled to vote on the merger under IC 23-0.6-2-3.
(b) If a plan of merger, consolidation, conversion, or share exchange would have the effect of terminating the status of a limited liability company as a series limited liability company, the plan must be adopted by unanimous consent of the members in order to be effective.
As added by P.L.170-2016, SEC.19. Amended by P.L.118-2017, SEC.112.
