North Dakota Code 10-32.1-57 – Action on a plan of merger or exchange by a constituent limited liability company
Current as of: 2023 | Check for updates
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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.