Illinois Statutes
§ 37-21
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 180/ Limited Liability Company Act.·Art. Article 37 - Conversions, Mergers, and Series
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.
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Legislative History
(Source: P.A. 99-637, eff. 7-1-17 .)
Nearby Sections
15
§ 37
§ 37§ 37-15
(Repealed)§ 37-16
(Repealed)§ 37-17
(Repealed)§ 37-20
Merger of entities§ 37-21
§ 37-21§ 37-25
Articles of merger§ 37-30
Effect of merger§ 37-31
(Repealed)§ 37-32
(Repealed)§ 37-33
(Repealed)§ 37-34
(Repealed)§ 37-35
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