Nebraska Statutes

§ 21-176 — Action on plan of conversion by converting limited liability company

Nebraska·Ch. 21 Corporations and Other Companies

(RULLCA 1007) (a) Subject to section 21-183 , a plan of conversion must be consented to by all the members of a converting limited liability company.

(b)Subject to section 21-183 and any contractual rights, after a conversion is approved, and at any time before articles of conversion are delivered to the Secretary of State for filing under section 21-177 , a converting limited liability company may amend the plan or abandon the conversion:
(1)as provided in the plan; or
(2)except as otherwise prohibited in the plan, by the same consent as was required to approve the plan.

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Legislative History

Source: Laws 2010, LB888, § 76.

Nearby Sections

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