Acts Triggering Dissolution

A limited liability company is dissolved upon the happening of any one of the following events:

  • At the time specified in the operating agreement
  • Upon an event specified in the operating agreement
  • Written consent of all members to dissolve
  • With respect to a LLC formed prior to January 1, 1997, except as provided in a written operating agreement, the death, insanity, retirement, resignation, expulsion, bankruptcy or dissolution of a member or the occurrence of any other event which terminates the membership of a member in the LLC unless within 90 days all remaining members consent to continue the business according to a right to continue in a written operating agreement
  • Entry of a decree of judicial dissolution