Current through Public Act 103-1052
Section 805 ILCS 180/37-21 - Action on plan of merger by constituent limited liability company(a) Subject to Section 37-36, a plan of merger must be consented to by all the members of a constituent limited liability company.(b) Subject to Section 37-36 and any contractual rights, after a merger is approved and at any time before articles of merger are delivered to the Secretary of State for filing under Section 37-25, 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.Added by P.A. 099-0637,§ 5, eff. 7/1/2017.