Ark. Code Ann. § 4-32-1207: Action on plan of merger by constituent limited liability company.
Where this section sits in the code
- Title 4 Business and Commercial Law
- Subtitle 3. Corporations and Associations
- Chapter 32 Small Business Entity Tax Pass Through Act
- Subchapter 12 — Conversion and Merger
(a) Unless otherwise provided in writing in an operating agreement, a plan of merger must be consented to by more than one-half (1/2) by number of the members of a constituent limited liability company.
(b) Subject to any contractual rights, until articles of merger are filed under § 4-32-1208 a constituent limited liability company may amend the plan or abandon the planned merger:
(1) As provided in the plan; and
(2) Except as prohibited by the plan, with the same consent required to approve the plan.
Collected 2026-09-17T21:07:03Z. Source file · JSON