Ind. Code § 23-18.1-3-5

Current through P.L. 171-2024
Section 23-18.1-3-5 - Plan of merger, consolidation, conversion, or share exchange affecting status; unanimous consent
(a) This section does not apply to a limited liability company that is a party to a merger if the members of the limited liability company are not entitled to vote on the merger under IC 23-0.6-2-3.
(b) If a plan of merger, consolidation, conversion, or share exchange would have the effect of terminating the status of a limited liability company as a series limited liability company, the plan must be adopted by unanimous consent of the members in order to be effective.

IC 23-18.1-3-5

Amended by P.L. 118-2017,SEC. 112, eff. 1/1/2018.
Added by P.L. 170-2016, SEC. 19, eff. 1/1/2017.