29-752. Procedure for merger or consolidation; exchange

A. Pursuant to a plan of merger or consolidation that meets the conditions provided by section 29-753, a limited liability company may merge or consolidate with or into one or more business entities. The surviving or resulting business entity shall be designated in the plan of merger or consolidation.

B. The plan of merger or consolidation shall be approved by all members of a domestic limited liability company that is to merge or consolidate, unless an operating agreement provides otherwise.

C. The plan of merger or consolidation shall be approved by each business entity other than a domestic limited liability company in the manner required by the laws of the jurisdiction in which it is organized.

D. 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.

29-752. Procedure for merger or consolidation; exchange

A. Pursuant to a plan of merger or consolidation that meets the conditions provided by section 29-753, a limited liability company may merge or consolidate with or into one or more business entities. The surviving or resulting business entity shall be designated in the plan of merger or consolidation.

B. The plan of merger or consolidation shall be approved by all members of a domestic limited liability company that is to merge or consolidate, unless an operating agreement provides otherwise.

C. The plan of merger or consolidation shall be approved by each business entity other than a domestic limited liability company in the manner required by the laws of the jurisdiction in which it is organized.

D. 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.