§ 23-18-9-1 — Circumstances requiring dissolution; companies existing on or before June 30, 1999

Indiana § 23-18-9-1

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 18: LIMITED LIABILITY COMPANIES
• Ch. 9: Voluntary Dissolution

Text

(a) Unless otherwise provided in a written
operating agreement, a limited liability company existing under this
article on or before June 30, 1999, is governed by this section.
(b) A limited liability company is dissolved and its affairs must be
wound up on the first of the following to occur:
(1) At the time or on the occurrence of events specified in writing
in the articles of organization or operating agreement.
(2) Written consent of all the members.
(3) Except as provided in IC 23-18-6-4(c), upon the death of the
member of a limited liability company that had one (1) member,
an event of dissociation occurs with respect to a member, unless
the business of the limited liability company is continued by the
consent of all the remaining members not more than ninety (90)
days after the occurrence of the event or as otherwise provided in
writing in the articles of organization or operating agreement.
(4) Entry of a decree of judicial dissolution under section 2 of this
chapter.

Legislative History

As added by P.L.8-1993, SEC.301. Amended by P.L.269-1999, SEC.14; P.L.99-2024, SEC.5.