S.C. Code Ann. § 33-43-1302 – [Repealed eff January 1, 2001] Approval of merger | Midpage
§ 33-43-1302
S.C. Code Ann. § 33-43-1302
[Repealed eff January 1, 2001] Approval of merger
(A) Unless otherwise provided in writing in an operating agreement, each domestic or foreign limited liability company that is a party to a proposed merger shall approve the merger agreement by the consent of all the members. In no event shall the agreement be approved by less than fifty-one percent of the members of each domestic and foreign limited liability company.
(B) Each domestic and foreign limited liability company that is a party to the merger shall have such rights to abandon the merger as are provided for in the merger agreement or in the laws applicable to each domestic and foreign limited liability company.