(a) A partnership may merge with one (1) or more other constituent organizations under this section and §§ 4-46-907 - 4-46-909 and a plan of merger if: (1) The governing statute of each of the other organizations authorizes the merger; (2) The merger is not prohibited by the law of a jurisdiction that enacted any of the governing statutes; and (3) Each of the other organizations complies with its governing statute in effecting the merger. (b) A plan of merger must be in a record and must include: (1) The name and form of each constituent organization; (2) The name and form of the surviving organization; (3) The terms and conditions of the merger, including the manner and basis for converting the interests in each constituent organization into any combination of money, interests in the surviving organization, and other consideration; and (4) Any amendments to be made by the merger to the surviving organization's organizational documents. Acts 2009, No. 408, § 6. (a) A partnership may merge with one (1) or more other constituent organizations under this section and §§ 4-46-907 - 4-46-909 and a plan of merger if: (1) The governing statute of each of the other organizations authorizes the merger; (2) The merger is not prohibited by the law of a jurisdiction that enacted any of the governing statutes; and (3) Each of the other organizations complies with its governing statute in effecting the merger. (b) A plan of merger must be in a record and must include: (1) The name and form of each constituent organization; (2) The name and form of the surviving organization; (3) The terms and conditions of the merger, including the manner and basis for converting the interests in each constituent organization into any combination of money, interests in the surviving organization, and other consideration; and (4) Any amendments to be made by the merger to the surviving organization's organizational documents. Acts 2009, No. 408, § 6. (a) A partnership may merge with one (1) or more other constituent organizations under this section and §§ 4-46-907 - 4-46-909 and a plan of merger if: (1) The governing statute of each of the other organizations authorizes the merger; (2) The merger is not prohibited by the law of a jurisdiction that enacted any of the governing statutes; and (3) Each of the other organizations complies with its governing statute in effecting the merger. (b) A plan of merger must be in a record and must include: (1) The name and form of each constituent organization; (2) The name and form of the surviving organization; (3) The terms and conditions of the merger, including the manner and basis for converting the interests in each constituent organization into any combination of money, interests in the surviving organization, and other consideration; and (4) Any amendments to be made by the merger to the surviving organization's organizational documents. Acts 2009, No. 408, § 6. (a) A partnership may merge with one (1) or more other constituent organizations under this section and §§ 4-46-907 - 4-46-909 and a plan of merger if: (1) The governing statute of each of the other organizations authorizes the merger; (2) The merger is not prohibited by the law of a jurisdiction that enacted any of the governing statutes; and (3) Each of the other organizations complies with its governing statute in effecting the merger. (1) The governing statute of each of the other organizations authorizes the merger; (2) The merger is not prohibited by the law of a jurisdiction that enacted any of the governing statutes; and (3) Each of the other organizations complies with its governing statute in effecting the merger. (b) A plan of merger must be in a record and must include: (1) The name and form of each constituent organization; (2) The name and form of the surviving organization; (3) The terms and conditions of the merger, including the manner and basis for converting the interests in each constituent organization into any combination of money, interests in the surviving organization, and other consideration; and (4) Any amendments to be made by the merger to the surviving organization's organizational documents. (1) The name and form of each constituent organization; (2) The name and form of the surviving organization; (3) The terms and conditions of the merger, including the manner and basis for converting the interests in each constituent organization into any combination of money, interests in the surviving organization, and other consideration; and (4) Any amendments to be made by the merger to the surviving organization's organizational documents. Acts 2009, No. 408, § 6.
‹ Prev All Arkansas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.