(a) The surviving or resulting limited liability company in a merger or consolidation is liable for the liabilities of the limited liability companies that are parties to the merger or consolidation.
(b) A claim, action, or other proceeding that exists at the time of the merger or consolidation and that is pending by or against a limited liability company that is a party to a merger or consolidation may be pursued as if the merger or consolidation had not taken place, or the surviving or resulting limited liability company may be substituted in the claim, action, or other proceeding.
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.