Dissolution - time and notice of dissolution.

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(1) A limited liability company formed under this article is dissolved:

  1. Upon the agreement of all members;

  2. At the time or upon the occurrence of the events stated in the operating agreement; or(c) After the limited liability company ceases to have members, on the earlier of:

  1. The ninety-first day after the limited liability company ceases to have members unless, prior to that date, a person has been admitted as a member; or

  2. The date on which a statement of dissolution of the limited liability company becomes effective pursuant to section 7-90-304.

Source: L. 2003: Entire part R&RE, p. 2269, § 192, effective July 1, 2004. L. 2004: Entire section amended, p. 946, § 21, effective July 1. L. 2006: Entire section amended, p. 862, § 33, effective July 1.

Editor's note: This section is similar to former § 7-80-801 as it existed prior to 2004.


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