Current-law scope and cautions
- LLC Article 89 and company-limited-by-shares Article 161 differ: Article 161 excludes companies that publicly offer shares and does not reproduce the LLC merger/division trigger (it covers transfer of major property).
- The statute requires acquisition at a reasonable price; there is no universal valuation formula. Litigation/arbitration may be needed if price cannot be agreed.
Use: This is a screening/estimation tool, not legal, tax, accounting or regulatory advice. Confirm the latest primary authority, regulator/exchange practice, local rules and transaction documents before acting.
