§ 7-16-39. Dissolution.
A limited liability company is dissolved and its affairs shall be wound up upon the
happening of the first to occur of the following:
(1) At any time specified in the articles of organization;
(2) An event specified in the articles of organization or a written operating agreement
to cause dissolution;
(3) By action of members taken pursuant to § 7-16-21(b)(1);
(4) On the written consent of a majority of the capital values of the remaining members
after the death, withd
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§ 7-16-39. Dissolution.
A limited liability company is dissolved and its affairs shall be wound up upon the
happening of the first to occur of the following:
(1) At any time specified in the articles of organization;
(2) An event specified in the articles of organization or a written operating agreement
to cause dissolution;
(3) By action of members taken pursuant to § 7-16-21(b)(1);
(4) On the written consent of a majority of the capital values of the remaining members
after the death, withdrawal, expulsion, bankruptcy, or dissolution of a member, or
the occurrence of any other event that terminates the continued membership of a member
in the limited liability company, unless otherwise provided in the articles of organization
or a written operating agreement;
(5) Unless otherwise provided in the articles of incorporation or a written operating
agreement, on the death, withdrawal, expulsion, bankruptcy or dissolution of the last
remaining member or any other event that terminates the continued membership of the
last remaining member, unless within ninety (90) days the successor(s) in interest
of the last remaining member and any assignees of the member's interest and of any
other member's interest agree in writing to admit at least one (1) member to continue
the business of the limited liability company; or
(6) Entry of a decree of judicial dissolution under § 7-16-40.