(1) Unless otherwise provided in its organizational documents, one or more limited liability companies formed under this chapter may merge with or into one or more limited liability companies as provided in the plan of merger.

(2) Interests or shares in a limited liability company that is a party to a merger may be exchanged for or converted into cash, property, obligations, or interest in the surviving limited liability company. [Res. 2023-10-019 § 1, 2023.]