31 M.R.S. §1642: Action on plan of merger by constituent limited liability company
Where this section sits in the code
- TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 21: LIMITED LIABILITY COMPANIES
- SUBCHAPTER 12: MERGER AND CONVERSION
1. Consent by constituent members. A plan of merger must be consented to by all the members of a constituent limited liability company.
2. Amend plan; abandon merger. After the plan of merger is approved, and at any time before a statement of merger is delivered to the office of the Secretary of State for filing under section 1643, a constituent limited liability company may amend the plan or abandon the merger:
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.
Collected 2026-09-04T15:12:37Z. Source file · JSON