Minnesota Statutes Business, Social, and Charitable Organizations (Ch. 300-323A) § 322B.70. Merger, exchange, transfer

(1) one or more limited liability companies pursuant to a plan of merger approved in the manner provided insections 322B.71to322B.75;

(2) one or more domestic corporations under a plan of merger approved in the manner provided insections 322B.71to322B.75;

(3) one or more foreign corporations or foreign limited liability companies pursuant to a plan of merger approved in the manner provided insections 322B.71to322B.75and322B.76; and

(4) one or more cooperatives organized under chapter 308A or 308B, in the manner provided by and subject to the limitations insections 322B.71to322B.75and322B.755.

Subd. 2. Exchange. (a) A limited liability company may acquire all of the ownership interests of one or more classes or series of another domestic or foreign limited liability company pursuant to a plan of exchange approved in the manner provided insections 322B.71to322B.75.

(b) A limited liability company may acquire all of the ownership interests of one or more classes or series of a domestic or foreign corporation pursuant to a plan of exchange approved in the manner provided insections 322B.71to322B.75.

(c) A domestic corporation may acquire all of the ownership interests of one or more classes or series of a limited liability company pursuant to a plan of exchange approved in the manner provided insections 322B.71to322B.75.

(d) A foreign corporation or foreign limited liability company may acquire all of the ownership interests of one or more classes or series of a limited liability company pursuant to a plan of exchange approved in the manner provided insections 322B.71to322B.75and322B.76.