Section 10.50.565. Conversion or exchange of interests at merger or consolidation.

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   (a) Upon a merger or consolidation, the limited liability company interests that are to be converted or exchanged into interests, cash, obligations, or other property under the terms of a merger or consolidation agreement are converted as provided by the merger or consolidation agreement.
   (b) Upon a merger or consolidation, the former holders of interests converted under (a) of this section have the rights provided in the merger or consolidation agreement or otherwise provided by law.

Notes

History

(Sec. 1 ch 99 SLA 1994)

                    
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