2010 Maryland Code
CORPORATIONS AND ASSOCIATIONS
TITLE 4A - LIMITED LIABILITY COMPANY ACT
Subtitle 7 - Merger
Section 702 - Approval of merger.
§ 4A-702. Approval of merger.
(a) In general.- The proposed merger shall be approved in the manner provided by this section.
(b) Corporation.- A corporation shall approve the merger under the provisions of § 3-105 of this article.
(c) Business trust.- A business trust shall approve the merger under the provisions of § 8-501.1 of this article.
(d) Partnership.- A partnership shall approve the merger under the provisions of § 9A-902 of this article.
(e) Limited partnership.- A limited partnership shall approve the merger under the provisions of § 10-208 of this article.
(f) Domestic limited liability company.- Unless otherwise provided in the operating agreement, a domestic limited liability company shall approve the merger by the consent of the members holding at least two-thirds of the interests in profits of the limited liability company.
(g) Foreign limited liability company.- A foreign limited liability company party to the merger shall have the merger advised, authorized, and approved in the manner and by the vote required by the laws of the place where it is organized.
[1992, ch. 536; 1997, ch. 654, § 2; 2002, ch. 570; 2004, ch. 25.]
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