S.C. Code Ann. § 33-43-1303 – [Repealed eff January 1, 2001] Plan of merger | Midpage
§ 33-43-1303
S.C. Code Ann. § 33-43-1303
[Repealed eff January 1, 2001] Plan of merger
(A) Each domestic and foreign limited liability company shall enter into a written plan of merger, which shall be approved in accordance with Section 33-43-1302.
(B) The plan of merger shall set forth:
(1) the name of each limited liability company that is a party to the merger and the name of the surviving limited liability company into which each limited liability company proposes to merge;
(2) the terms and conditions of the proposed merger;
(3) the manner and basis of converting the interests in each limited liability company into interests of the surviving limited liability company, in whole or part, or into cash or other property;
(4) such amendments to the articles of organization of the surviving limited liability company as are desired to be effected by the merger, or that no such changes are desired;
(5) such other provisions relating to the proposed merger as are considered necessary or desirable.
(C) For purposes of Section 33-43-1303, the term "limited liability company" shall include both domestic and foreign limited liability companies.