48-2c-1201 - Events of dissolution.
48-2c-1201. Events of dissolution.
A company organized under this chapter shall be dissolved upon the occurrence of any ofthe following events:
(1) when the period fixed for the duration of the company, pursuant to Subsection48-2c-403(4)(c) or (5), expires;
(2) at such times as the company fails to have at least one member;
(3) by written agreement signed by all members;
(4) upon the occurrence of a dissolution event specified in the articles of organization oroperating agreement;
(5) upon administrative dissolution under Section 48-2c-1207, subject to right ofreinstatement under Section 48-2c-1208; or
(6) upon entry of a decree of judicial dissolution under Section 48-2c-1213.
Amended by Chapter 141, 2005 General Session