Section 275.350 - Approval of proposed merger - No right of dissent(1) Unless otherwise provided in a written operating agreement, a limited liability company that is a party to a proposed merger shall approve the plan of merger in KRS 275.355 by a majority-in-interest of the members.(2) Each business entity that is a party to a proposed merger shall approve the plan of merger in the manner and by the vote required by the laws applicable to the business entity.(3) Each business entity that is a party to the merger shall have the rights to abandon the merger as provided for in the plan of merger or in the laws applicable to the business entity.(4) Unless otherwise provided in the articles of organization, a written operating agreement, or a written agreement and plan of merger, no member of a limited liability company shall have the right to dissent from a merger.Effective:7/15/2010
Repealed and reenacted 2010, Ky. Acts ch. 51, sec. 123, effective7/15/2010. -- Amended 2007, Ky. Acts ch. 137, sec. 123, effective 6/26/2007. --Amended 1998, Ky. Acts ch. 341, sec. 40, effective 7/15/1998. -- Created 1994 Ky. Acts ch. 389, sec. 70, effective 7/15/1994.