(a) Upon a merger or consolidation, the limited liability company interests that are to be converted or exchanged into interests, cash, obligations, or other property under the terms of a merger or consolidation agreement are converted as provided by the merger or consolidation agreement.
(b) Upon a merger or consolidation, the former holders of interests converted under (a) of this section have the rights provided in the merger or consolidation agreement or otherwise provided by law.
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.