Turtle Mountain Band of Chippewa Indians of North Dacota - Tribal Law

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Turtle Mountain Band of Chippewa Indians Tribal Code

29.17.020 Approval of Merger

(a) Unless otherwise provided in articles of operation an LLC that is a party to a proposed merger shall approve the plan of merger by an affirmative vote of a majority in interest of members.

(b) Unless otherwise provided in articles of operation the manager or managers of an LLC may not approve a merger without also obtaining the approval of the LLC's members under paragraph a, above.

(c) Each foreign LLC that is a party to a proposed merger shall approve the merger in the manner and by the vote required by the laws applicable to the foreign LLC.

(d) Each LLC that is a party to the merger shall have any rights to abandon the merger that are provided for in the plan of merger or in the laws applicable to the LLC.

(e) Upon approval of a merger, the LLC shall notify each member of the approval and of the Effective date of the merger.

Original url: https://law.tmchippewa.com/us/nsn/tmchippewa/council/code/29.17.020

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