2013 New Jersey Revised Statutes
Title 42 - PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Section 42:2C-75 - Action on plan of merger by constituent limited liability company.


NJ Rev Stat § 42:2C-75 (2013) What's This?

42:2C-75 Action on plan of merger by constituent limited liability company.

75.Action on Plan of Merger by Constituent Limited Liability Company.

a.Subject to section 86 of this act, a plan of merger shall be consented to by all the members of a constituent limited liability company.

b.Subject to section 86 of this act and any contractual rights, after a merger is approved, and at any time before articles of merger are delivered to the filing office for filing under section 76 of this act, a constituent limited liability company may amend the plan or abandon the merger:

(1)as provided in the plan; or

(2)except as otherwise prohibited in the plan, with the same consent as was required to approve the plan.

L.2012, c.50, s.75.


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