Virginia § 13.1-1046 Dissolution; generally

Virginia Statutes

§ 13.1-1046 — Dissolution; generally

Virginia § 13.1-1046

Title 13.1CORPORATIONS

Ch. 12VIRGINIA LIMITED LIABILITY COMPANY ACT

Art. 9DISSOLUTION

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Bluebook

Va. Code Ann. § 13.1-1046 (2026).

Text

A limited liability company organized under this chapter is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following events:

1.At the time or on the happening of any events specified in writing in the articles of organization or an operating agreement;

2.Upon the unanimous written consent of the members;

3.The entry of a decree of judicial dissolution under § 13.1-1047;

4.Automatic cancellation of its existence pursuant to § 13.1-1050.2; or

5.Involuntary cancellation of its existence pursuant to § 13.1-1050.3.

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A limited liability company organized under this chapter is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following events:

1. At the time or on the happening of any events specified in writing in the articles of organization or an operating agreement;

2. Upon the unanimous written consent of the members;

3. The entry of a decree of judicial dissolution under § 13.1-1047;

4. Automatic cancellation of its existence pursuant to § 13.1-1050.2; or

5. Involuntary cancellation of its existence pursuant to § 13.1-1050.3.

Legislative History

1991, c. 168; 1994, c. 348; 1995, c. 168; 1996, c. 265; 1997, c. 190; 1998, c. 432; 2000, c. 581; 2001, c. 548; 2008, cc. 108, 588, 770; 2009, c. 167.