Acts Triggering Dissolution
A limited liability company is dissolved upon the happening of any one of the following events:
- Events specified in the articles of organization or operating agreement
- Consent by the specific number or percentage of members indicated in the operating agreement
- Event that makes it illegal for the LLC to continue
- When a member leaves the LLC, unless either of the following applies:
- Within 90 days, the remaining members agree to continue the business
- The company continues under a right specified in the operating agreement
- Judicial decree