Vermont Code § 11 V.S.A. § 4156

Restrictions on approval of mergers, conversions, and domestications
Open in Lexace · Ask the AI about this section
§ 4156. Restrictions on approval of mergers, conversions, and domestications
(a) If a member of a constituent, converting, or domesticating limited liability company
will have personal liability with respect to a surviving, converted, or domesticated
organization, approval or amendment of a plan of merger, conversion, or domestication
is ineffective without the consent of the member, unless:
(1) the company’s operating agreement provides for approval of a merger, conversion, or
domestication with the consent of fewer than all the members; and
(2) the member has consented to the provision of the operating agreement.
(b) A member does not give the consent required by subsection (a) of this section merely
by consenting to a provision of the operating agreement that permits the operating
agreement to be amended with the consent of fewer than all the members.

‹ Prev All Vermont 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.