Acts Triggering Dissolution
A LLC is dissolved upon the happening of any one of the following events:
- Event specified in the operating agreement
- Consent of the number or percentage of members specified in the operating agreement
- Event that makes it unlawful for the LLC to continue unless after notice the LLC cures the illegality w/in 90 days
- By application of a member or dissociated member and judicial order
- Expiration of the duration of the LLC
- By application of a transferee of a member’s interest and judicial determination that it is equitable to wind up the company’s business:
- Administrative Dissolution