D.C. Code § 29-809.10: Restrictions on approval of mergers and domestications.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 8. Limited Liability Companies.
- Subchapter IX. Merger and Domestication.
(a)
If a member of a constituent or domesticating limited liability company will have personal liability with respect to a surviving or domesticated organization, approval or amendment of a plan of merger or domestication shall be ineffective without the consent of the member, unless the:
(1)
Company’s operating agreement provides for approval of a merger or domestication with the consent of fewer than all the members; and
(2)
Member has consented to the provision of the operating agreement.
(b)
A member does not give the consent required by subsection (a) of this section merely by consenting to a provision of the operating agreement that permits the operating agreement to be amended with the consent of fewer than all the members.
Collected 2026-08-29T05:44:07Z. Source file · JSON