Colorado § 7-80-803 Effect of dissolution

Colorado Statutes

§ 7-80-803 — Effect of dissolution

Colorado § 7-80-803

Title 07Corporations

Art.Limited Liability Companies

This text of Colorado § 7-80-803 (Effect of dissolution) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 7-80-803 (2026).

Text

(1)A dissolved limited liability company continues its existence as a limited liability company but shall not carry on any business except as is appropriate to wind up and liquidate its business and affairs, including:

(a)Collecting its assets;

(b)Disposing of its properties that will not be distributed in kind to its members;

(c)Discharging or making provision for discharging its liabilities;

(d)Distributing its remaining property among its members; and

(e)Doing every other act necessary to wind up and liquidate its business and affairs.

(2)A dissolved limited liability company may dispose of claims against it pursuant to sections 7-90-911 and 7-90-912.

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(1) A dissolved limited liability company
continues its existence as a limited liability company but shall not carry on any
business except as is appropriate to wind up and liquidate its business and affairs,
including:

(a) Collecting its assets;

(b) Disposing of its properties that will not be distributed in kind to its
members;

(c) Discharging or making provision for discharging its liabilities;

(d) Distributing its remaining property among its members; and

(e) Doing every other act necessary to wind up and liquidate its business and
affairs.

(2) A dissolved limited liability company may dispose of claims against it
pursuant to sections 7-90-911 and 7-90-912.