2005 Idaho Code - 53-661 — MERGER OR CONSOLIDATION

                                  TITLE  53
                                 PARTNERSHIP
                                  CHAPTER 6
                     IDAHO LIMITED LIABILITY COMPANY ACT
    53-661.  MERGER OR CONSOLIDATION. (1) Unless otherwise provided in writing
in an operating agreement, and subject to any law applicable to business
entities other than limited liability companies, one (1) or more limited
liability companies may merge or consolidate with or into one (1) or more
other business entities with the limited liability company or other business
entity as the merger or consolidation agreement shall provide being the
surviving or resulting limited liability company or other business entity.
    (2)  Rights or securities of or interests in a business entity that is a
party to the merger or consolidation may be exchanged for or converted into
cash, property, obligations, rights or securities of or interests in the
surviving or resulting business entity or of any other business entity.
    (3)  As used in this section, "business entity" means a domestic or
foreign limited liability company or corporation.