Section 901 - Merger in general.
§ 9A-901. Merger in general.
(a) Entities generally.- Unless the partnership agreement provides otherwise, a partnership may be a party to a statutory merger pursuant to this subtitle and may merge into one or more:
(1) Partnerships;
(2) Limited liability companies;
(3) Limited partnerships;
(4) Corporations having capital stock; or
(5) Business trusts having transferable units of beneficial interest.
(b) Entities having transferable capital stock or transferable interest.- One or more partnerships, limited liability companies, limited partnerships, corporations having capital stock, or business trusts having transferable units of beneficial interest may merge into a partnership.
(c) Filings required.- Before a partnership may be a party to a statutory merger pursuant to this subtitle, such partnership must have on file with the Department either (1) a statement of authority filed pursuant to § 9A-303 of this title or (2) a certificate of limited liability partnership filed pursuant to § 9A-1001 of this title.
(d) Merger by agreement or operation of law.- The statutory merger provisions of this subtitle do not preclude a partnership from being converted or merged by agreement or by operation of law.
[1997, ch. 654, § 2; 1998, ch. 743, §§ 1, 3.]