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2017 Arkansas 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
§ 4-32-1206. Merger
Universal Citation: AR Code § 4-32-1206 (2017)
- (a) A limited liability company may merge with one (1) or more other constituent organizations under this section and §§ 4-32-1207 -- 4-32-1209 and a plan of merger, if:
- (1) The governing statute of each of the other organizations authorizes the merger;
- (2) The merger is not prohibited by the law of a jurisdiction that enacted any of the governing statutes; and
- (3) Each of the other organizations complies with its governing statute in effecting the merger.
- (b) A plan of merger shall be in a record and shall include:
- (1) The name and form of each constituent organization;
- (2) The name and form of the surviving organization;
- (3) The terms and conditions of the merger, including the manner and basis for converting the interests in each constituent organization into any combination of money, interests in the surviving organization, and other consideration; and
- (4) Any amendments to be made by the merger to the surviving organization's organizational documents.
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