Arkansas Statutes

§ 4-38-1054 — Amendment or abandonment of plan of domestication

Arkansas·Title 4
(a)A plan of domestication of a domestic domesticating limited liability company may be amended:
(1)in the same manner as the plan was approved, if the plan does not provide for the manner in which it may be amended; or (2) by its managers or members in the manner provided in the plan, but a member that was entitled to vote on or consent to approval of the domestication is entitled to vote on or consent to any amendment of the plan that will change:
(A)the amount or kind of interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing, to be received by any of the members of the domesticating limited liability company under the plan;
(B)the certificate of organization or operating agreement of the domesticated

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Arkansas § 4-38-1054 (Amendment or abandonment of plan of domestication) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021.

Nearby Sections

15
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