LD 1609
pg. 39
Page 38 of 146 PUBLIC Law Chapter 543 Page 40 of 146
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LR 1469
Item 1

 
E.__The manner and basis of converting the interests of each
party to the merger into interests or obligations of the
surviving entity or into money or other property in whole or
part; and

 
F.__The street address of the surviving entity's chief
executive office.

 
3.__Approval of plan.__The plan of merger must be approved:

 
A.__In the case of a partnership that is a party to the
merger, by all of the partners, or a number or percentage
specified for merger in the partnership agreement; and

 
B.__In the case of a limited partnership that is a party to
the merger, by the vote required for approval of a merger by
the law of the State or foreign jurisdiction in which the
limited partnership is organized and, in the absence of such
a specifically applicable law, by all of the partners,
notwithstanding a provision to the contrary in the
partnership agreement.

 
4.__Amendment or abandonment.__After a plan of merger is
approved and before the merger takes effect, the plan may be
amended or abandoned as provided in the plan.

 
5.__Effective date of merger.__The merger takes effect on the
later of:

 
A.__The approval of the plan of merger by all parties to the
merger, as provided in subsection 3;

 
B.__The filing of all documents required by law to be filed
as a condition to the effectiveness of the merger; or

 
C.__Any effective date specified in the plan of merger.

 
§1096.__Effect of merger

 
1.__Effect of merger.__When a merger takes effect:

 
A.__The separate existence of every partnership or limited
partnership that is a party to the merger, other than the
surviving entity, ceases;

 
B.__All property owned by each of the merged partnerships or
limited partnerships vests in the surviving entity;


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