Illinois § 37-21

Illinois Statutes

§ 37-21

Illinois § 37-21

JurisdictionIllinois

TopicBUSINESS AND EMPLOYMENT

Ch. 805BUSINESS ORGANIZATIONS

Act 805 ILCS 180/Limited Liability Company Act.

Art.Article 37 - Conversions, Mergers, and Series

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Bluebook

805 Ill. Comp. Stat. 37-21 (2026).

Text

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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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.