Indiana § 23-18-9-4 Entities entitled to wind up company's business or affairs

Indiana Statutes

§ 23-18-9-4 — Entities entitled to wind up company's business or affairs

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

Unless otherwise provided in a written operating agreement, the following may wind up the business or affairs of the limited liability company:

(1)The members or managers with authority to manage the limited liability company under IC 23-18-4-1.

(2)If a member or manager has engaged in wrongful conduct or upon other cause shown, the circuit or superior court of:

(A)the county in which the limited liability company's principal office is located; or

(B)if there is none in Indiana the county in which its registered office is located; on application by a member or the member's legal representative or assignee.

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Unless otherwise provided in a written
operating agreement, the following may wind up the business or affairs
of the limited liability company:
(1) The members or managers with authority to manage the
limited liability company under IC 23-18-4-1.
(2) If a member or manager has engaged in wrongful conduct or
upon other cause shown, the circuit or superior court of:
(A) the county in which the limited liability company's
principal office is located; or
(B) if there is none in Indiana the county in which its registered
office is located;
on application by a member or the member's legal representative
or assignee.

Indiana § 23-18-9-4 (Entities entitled to wind up company's business or affairs) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.