Maine § 31 §1641 Merger

Maine Statutes

§ 31 §1641 — Merger

Maine·Title 31 PARTNERSHIPS AND ASSOCIATIONS·Ch. 21 LIMITED LIABILITY COMPANIES

1.Merger requirements. A limited liability company may merge with one or more other constituent organizations pursuant to this section, sections 1642 to 1644 and a plan of merger, if:

2.Plan of merger. A plan of merger must be in a record and must include:

3.Exchange or conversion. In connection with a merger, rights or securities of or interests in the constituent organization may be exchanged for or converted into cash, property or rights or securities of or interests in the surviving organization or, in addition to or in lieu thereof, may be exchanged for or converted into cash, property or rights or securities of or interests in another organization or may be cancelled.

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1.
Merger requirements.
A limited liability company may merge with one or more other constituent organizations pursuant to this section, sections 1642 to 1644 and a plan of merger, if:
2.
Plan of merger.
A plan of merger must be in a record and must include:
3.
Exchange or conversion.
In connection with a merger, rights or securities of or interests in the constituent organization may be exchanged for or converted into cash, property or rights or securities of or interests in the surviving organization or, in addition to or in lieu thereof, may be exchanged for or converted into cash, property or rights or securities of or interests in another organization or may be cancelled.

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