§ 1001 — Merger or consolidation

§ 1001. Merger or consolidation. (a) As used in this article, "merger"\nmeans a procedure in which two or more limited liability companies or\nother business entities merge into a single limited liability company or\nother business entity that shall be one of the constituent limited\nliability companies or other business entities, and "consolidation"\nmeans a procedure in which two or more limited liability companies or\nother business entities consolidate into a single limited liability\ncompany or other business entity that shall be a new limited liability\ncompany or other business entity to be formed pursuant to the\nconsolidation.\n (b) Pursuant to an agreement of merger or consolidation and to the\nextent not expressly prohibited by law, a domestic limited liability\ncompany may merge or consolidate with or into one or more domestic\nlimited liability companies or other business entities formed or\norganized under the laws of this state or any other state or the United\nStates or any foreign country or other foreign jurisdiction, with such\ndomestic limited liability company or other business entity as the\nagreement shall provide being the surviving or resulting domestic\nlimited liability company or other business entity.\n