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Searching 2019-2020 Session

The Vermont Statutes Online

 

Title 11 : Corporations, Partnerships and Associations

Chapter 025 : LIMITED LIABILITY COMPANIES

Subchapter 010 : CONVERSION, MERGER, AND DOMESTICATION

(Cite as: 11 V.S.A. § 4150)
  • § 4150. Filings required for merger; effective date

    (a) After each constituent organization has approved a merger, articles of merger shall be signed on behalf of:

    (1) each constituent limited liability company, as provided in subsection 4025(a) of this title; and

    (2) each other constituent organization, as provided in its governing statute.

    (b) Articles of merger under this section shall include:

    (1) the name and form of each constituent organization and the jurisdiction of its governing statute;

    (2) the name and form of the surviving organization, the jurisdiction of its governing statute, and, if the surviving organization is created by the merger, a statement to that effect;

    (3) the date the merger is effective under the governing statute of the surviving organization;

    (4) if the surviving organization is to be created by the merger:

    (A) if it will be a limited liability company, the company's certificate of organization; or

    (B) if it will be an organization other than a limited liability company, the organizational document that creates the organization that is in a public record;

    (5) if the surviving organization preexists the merger, any amendments provided for in the plan of merger for the organizational document that created the organization that are in a public record;

    (6) a statement as to each constituent organization that the merger was approved as required by the organization's governing statute;

    (7) if the surviving organization is a foreign organization not authorized to transact business in this State, the street and mailing addresses of an office that the Secretary of State may use for the purposes of subsection 4151(b) of this title; and

    (8) any additional information required by the governing statute of any constituent organization.

    (c) Each constituent limited liability company shall deliver the articles of merger for filing in the Office of the Secretary of State.

    (d) A merger becomes effective under this subchapter:

    (1) if the surviving organization is a limited liability company, upon the later of:

    (A) compliance with subsection (c) of this section; or

    (B) subject to section 4026 of this title, as specified in the articles of merger; or

    (2) if the surviving organization is not a limited liability company, as provided by the governing statute of the surviving organization. (Added 2015, No. 17, § 2.)