Winding up.

Checkout our iOS App for a better way to browser and research.

(a) Except as otherwise provided in the articles of organization or operating agreement, the members who have not wrongfully dissolved a limited-liability company may wind up the limited-liability company's business and affairs.

(b) On application by or on behalf of a member, the member's legal representative or assignee, the superior court may wind up the limited-liability company's business and affairs.

History of Section.
P.L. 1992, ch. 280, § 1.


Download our app to see the most-to-date content.