Acts Triggering Dissolution

A LLC is dissolved upon the happening of any one of the following events:

  • The expiration of the period fixed, if any, for the duration of the limited liability company;
  • The unanimous written agreement of all members
  • Any other event described in the articles of organization
  • The judicial order to dissolve the limited liability company
  • On application by or for any member, the district court may decree the dissolution of a limited liability company whenever it is not reasonably practicable to carry on the business of such limited liability company in conformity with its articles of organization or its operating agreement