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2022 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-10.06 - Action on Plan of Merger by Constituent Limited Liability Company.
Universal Citation:
AL Code § 10A-5A-10.06 (2022)
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Section 10A-5A-10.06
Action on plan of merger by constituent limited liability company.
(a) Subject to Section 10A-5A-10.09, a plan of merger must be consented to by all the members of a constituent limited liability company.
(b) Subject to Section 10A-5A-10.09 and any contractual rights, after a merger is approved, and at any time before a filing is made under Section 10A-5A-10.07, a constituent limited liability company may amend the plan or abandon the merger:
(1) as provided in the plan; and
(2) except as prohibited by the plan, with the same consent as was required to approve the plan.
(Act 2014-144, p. 265, §1.)
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