§ 23-18-9-7.5 — Revocation of dissolution

Indiana § 23-18-9-7.5

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

Text

5. (a) A limited liability company may revoke
its dissolution within one hundred twenty (120) days of its effective
date.
(b) Revocation of dissolution must be authorized in the same
manner as the dissolution was authorized unless the authorization for
dissolution permitted revocation of the dissolution by action of the
managers alone. If the authorization for dissolution permitted
revocation of the dissolution by action of the managers alone, the
managers may revoke the dissolution without member action.
(c) After the revocation of dissolution is authorized, the limited
liability company may revoke the dissolution by delivering to the
secretary of state for filing articles of dissolution and articles of
revocation of dissolution. The articles of revocation of dissolution must
set forth the following:
(1) The name of the limited liability company.
(2) The effective date of the revocation of dissolution.
(3) The date that the revocation of dissolution was authorized.
(4) If applicable, a statement that the limited liability company's
members or managers revoked the dissolution.
(5) If the limited liability company's members or managers
revoked a dissolution authorized by the members or managers, a
statement that the authorization permitted revocation of the
dissolution by action of the members or of the managers alone.
(d) Unless otherwise specified, a revocation of dissolution is
effective when articles of revocation of dissolution are filed.
(e) A revocation of dissolution relates back to and takes effect as of
the effective date of the dissolution. A limited liability company whose
dissolution is revoked resumes carrying on business as if there had
been no dissolution.

Legislative History

As added by P.L.130-2006, SEC.33. Amended by P.L.1-2007, SEC.164.