(1) A judicial proceeding to dissolve a limited cooperative association must be brought in the proper court.
It is not necessary to make members parties to a judicial proceeding to dissolve alimited cooperative association unless relief is sought against them individually.
A court in a judicial proceeding brought to dissolve a limited cooperative associationmay issue injunctions, appoint a receiver or custodian pendente lite with all powers and duties the court directs, take other action required to preserve the limited liability company's assets wherever located, and carry on the business of the association until a full hearing can be held.
Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 805, § 1, effective April 2, 2012.