Note: This version of section effective until 1-1-2018. See also following version of this section, effective 1-1-2018.

1. (b) If a plan of merger, consolidation, conversion, or share exchange would have the effect of terminating the status of a limited liability company as a series limited liability company, the plan must be adopted by unanimous consent of the members in order to be effective.

Sec. 5. (a) This section does not apply to a limited liability company that is a party to a merger if the members of the limited liability company are not entitled to vote on the merger under IC 23-18-7 .

As added by P.L.170-2016, SEC.19.