Current through L. 2024, ch. 259
Section 29-4003 - Entity restructuring transactionsA. If a plan is approved as provided by section 29-4004, a domestic limited liability company may be a party to or otherwise undertake a transaction by adopting a plan and otherwise complying with this article and: 1. Chapter 6, article 2 of this title for a merger.2. Chapter 6, article 3 of this title for an interest exchange.3. Chapter 6, article 4 of this title for a conversion.4. Chapter 6, article 5 of this title for a domestication.5. Chapter 6, article 6 of this title for a division.B. The effective time and date of the transaction are as provided in chapter 6 of this title. Except as expressly set forth in this article, the procedures regarding the effect of and all other aspects of the transaction are governed by chapter 6 of this title.C. This section does not limit the power of a limited liability company to acquire all or part of the interests of another entity through a voluntary exchange or otherwise.Added by L. 2018, ch. 168,s. 4, eff. 9/1/2019.