(a) Unless otherwise provided in an operating agreement of the company, a limited liability company may not approve a proposed merger or consolidation unless the merger or consolidation is approved by all of the members of the company.
(b) A foreign limited liability company that is a party to a proposed merger or consolidation may not approve the merger or consolidation unless the merger or consolidation is approved in the manner and by the vote required by the law applicable to the foreign limited liability company.
(c) A party to a merger or consolidation under this chapter may abandon the merger or consolidation as provided in the merger or consolidation agreement.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 50. Alaska Revised Limited Liability Company Act
Article 12. Merger, Consolidation, and Conversion.
Sec. 10.50.500. Authority for merger or consolidation.
Sec. 10.50.510. Approval or abandonment of merger or consolidation.
Sec. 10.50.515. Filing of articles of merger or consolidation.
Sec. 10.50.520. Contents of articles of merger or consolidation.
Sec. 10.50.525. Execution of articles of merger or consolidation.
Sec. 10.50.530. Equivalent to articles of dissolution.
Sec. 10.50.535. Effective date of merger or consolidation.
Sec. 10.50.540. Use of merger or consolidation agreement to amend or adopt operating agreement.
Sec. 10.50.545. General effects of merger or consolidation.
Sec. 10.50.550. Effect of merger or consolidation on property of companies.
Sec. 10.50.555. Effect of merger or consolidation on liabilities and proceedings.
Sec. 10.50.560. Rights of creditors and liens.
Sec. 10.50.565. Conversion or exchange of interests at merger or consolidation.