17-7682. Contractual appraisal rights.
17-7682
17-7682. Contractual appraisal rights.
An operating agreement or an agreement of merger or
consolidation may provide that contractual appraisal rights
with respect to a limited liability company interest or another interest
in a limited liability company shall be available for members or limited
liability company interests
in connection with any amendment of the operating agreement, any merger or
consolidation in which
the limited liability company is a constituent party to the merger or
consolidation, or the sale of all
or substantially all of the limited liability company's assets. The district
court shall have jurisdiction
to hear and determine any matter relating to any such appraisal rights.
History: L. 1999, ch. 119, § 21; Jan. 1, 2000.