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§ 10-50-555 — Alaska Law | CourtGPT
  1. Home/
  2. Laws/
  3. Alaska/
  4. Title 10 - Corporations and Associations/
  5. Chapter 50 - Alaska Revised Limited Liability Company Act/
  6. Article 12 - Merger, Consolidation, and Conversion.sec. 10.50.500. Authority for Merger or Consolidation/
  7. § 10-50-555
Alaska Legal Code

§ 10-50-555

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(a) The surviving or resulting limited liability company in a merger or consolidation is liable for the liabilities of the limited liability companies that are parties to the merger or consolidation. (b) A claim, action, or other proceeding that exists at the time of the merger or consolidation and that is pending by or against a limited liability company that is a party to a merger or consolidation may be pursued as if the merger or consolidation had not taken place, or the surviving or resulting limited liability company may be substituted in the claim, action, or other proceeding.