31 §701. Nonjudicial dissolution (WHOLE SECTION TEXT EFFECTIVE UNTIL 7/1/11)
Title 31: PARTNERSHIPS AND ASSOCIATIONS
Chapter 13: LIMITED LIABILITY COMPANIES
Subchapter 9: DISSOLUTION
§701. Nonjudicial dissolution
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE UNTIL 7/1/11)
A limited liability company is dissolved and its affairs are wound up upon the first to occur of the following: [1993, c. 718, Pt. A, §1 (NEW).]
1. Specified time or event. At the time or upon the happening of events specified in a limited liability company operating agreement or articles of organization;
[ 1993, c. 718, Pt. A, §1 (NEW) .]
2. Consent. Written consent of all members; or
[ 1997, c. 633, §17 (AMD) .]
3. Withdrawal of a member.
[ 1997, c. 633, §18 (RP) .]
4. Judicial dissolution. Entry of decree of judicial dissolution under section 702.
[ 1993, c. 718, Pt. A, §1 (NEW) .]
SECTION HISTORY
1993, c. 718, §A1 (NEW). 1997, c. 633, §§17,18 (AMD). 2009, c. 629, Pt. A, §1 (RP). 2009, c. 629, Pt. A, §3 (AFF).