2021 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 5A - Alabama Limited Liability Company Law of 2014.
Article 10 - Conversions and Mergers.
Section 10A-5A-10.09 - Restrictions on Approval of Mergers and Conversions.

Universal Citation: AL Code § 10A-5A-10.09 (2021)

Section 10A-5A-10.09

Restrictions on approval of mergers and conversions.

(a) If a member of a converting or constituent limited liability company will have personal liability with respect to a converted or surviving organization, approval and amendment of a plan of conversion or plan of merger are ineffective without that member's consent to the plan.

(b) A member does not give the consent required by subsection (a) merely by consenting to a provision of the limited liability company agreement that permits the limited liability company agreement to be amended with the consent of fewer than all the members.

(Act 2014-144, p. 265, §1.)

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