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Part 1 - GENERAL PROVISIONS
Section 30-25-101 - SHORT TITLE. - 30-25-101. SHORT TITLE. This chapter may be cited as the...
Section 30-25-102 - DEFINITIONS. - 30-25-102. DEFINITIONS. (a) In this chapter: (1) "Certificate of organization"...
Section 30-25-103 - KNOWLEDGE — NOTICE. - 30-25-103. KNOWLEDGE — NOTICE. (a) A person knows a fact...
Section 30-25-104 - GOVERNING LAW. - 30-25-104. GOVERNING LAW. The law of this state governs: (1)...
Section 30-25-105 - OPERATING AGREEMENT — SCOPE — FUNCTION — LIMITATIONS. - 30-25-105. OPERATING AGREEMENT — SCOPE — FUNCTION — LIMITATIONS. (a)...
Section 30-25-106 - OPERATING AGREEMENT — EFFECT ON LIMITED LIABILITY COMPANY AND PERSON BECOMING MEMBER — PREFORMATION AGREEMENT. - 30-25-106. OPERATING AGREEMENT — EFFECT ON LIMITED LIABILITY COMPANY AND...
Section 30-25-107 - OPERATING AGREEMENT — EFFECT ON THIRD PARTIES AND RELATIONSHIP TO RECORDS EFFECTIVE ON BEHALF OF LIMITED LIABILITY COMPANY. - 30-25-107. OPERATING AGREEMENT — EFFECT ON THIRD PARTIES AND RELATIONSHIP...
Section 30-25-108 - NATURE, PURPOSE AND DURATION OF LIMITED LIABILITY COMPANY. - 30-25-108. NATURE, PURPOSE AND DURATION OF LIMITED LIABILITY COMPANY. (a)...
Section 30-25-109 - POWERS. - 30-25-109. POWERS. A limited liability company has the capacity to...
Section 30-25-110 - APPLICATION TO EXISTING RELATIONSHIPS. - 30-25-110. APPLICATION TO EXISTING RELATIONSHIPS. (a) Before July 1, 2017,...
Section 30-25-111 - SUBJECTS COVERED OUTSIDE CHAPTER. - 30-25-111. SUBJECTS COVERED OUTSIDE CHAPTER. The following subjects are covered...
Part 2 - FORMATION — CERTIFICATE OF ORGANIZATION AND OTHER FILINGS
Section 30-25-201 - FORMATION OF LIMITED LIABILITY COMPANY — CERTIFICATE OF ORGANIZATION. - 30-25-201. FORMATION OF LIMITED LIABILITY COMPANY — CERTIFICATE OF ORGANIZATION....
Section 30-25-202 - AMENDMENT OR RESTATEMENT OF CERTIFICATE OF ORGANIZATION. - 30-25-202. AMENDMENT OR RESTATEMENT OF CERTIFICATE OF ORGANIZATION. (a) A...
Section 30-25-203 - SIGNING OF RECORDS TO BE DELIVERED FOR FILING TO SECRETARY OF STATE. - 30-25-203. SIGNING OF RECORDS TO BE DELIVERED FOR FILING TO...
Section 30-25-204 - LIABILITY FOR INACCURATE INFORMATION IN FILED RECORD. - 30-25-204. LIABILITY FOR INACCURATE INFORMATION IN FILED RECORD. (a) If...
Section 30-25-205 - SUBJECTS COVERED OUTSIDE CHAPTER. - 30-25-205. SUBJECTS COVERED OUTSIDE CHAPTER. The following subjects are covered...
Part 3 - RELATIONS OF MEMBERS AND MANAGERS TO PERSONS DEALING WITH LIMITED LIABILITY COMPANY
Section 30-25-301 - NO AGENCY POWER OF MEMBER AS MEMBER. - 30-25-301. NO AGENCY POWER OF MEMBER AS MEMBER. (a) A...
Section 30-25-302 - STATEMENT OF AUTHORITY. - 30-25-302. STATEMENT OF AUTHORITY. (a) A limited liability company may...
Section 30-25-303 - STATEMENT OF DENIAL. - 30-25-303. STATEMENT OF DENIAL. A person named in a filed...
Section 30-25-304 - LIABILITY OF MEMBERS AND MANAGERS. - 30-25-304. LIABILITY OF MEMBERS AND MANAGERS. (a) A debt, obligation,...
Part 4 - RELATIONS OF MEMBERS TO EACH OTHER AND TO LIMITED LIABILITY COMPANY
Section 30-25-401 - BECOMING MEMBER. - 30-25-401. BECOMING MEMBER. (a) If a limited liability company is...
Section 30-25-402 - FORM OF CONTRIBUTION. - 30-25-402. FORM OF CONTRIBUTION. A contribution may consist of property...
Section 30-25-403 - LIABILITY FOR CONTRIBUTIONS. - 30-25-403. LIABILITY FOR CONTRIBUTIONS. (a) A person’s obligation to make...
Section 30-25-404 - SHARING OF AND RIGHT TO DISTRIBUTIONS BEFORE DISSOLUTION. - 30-25-404. SHARING OF AND RIGHT TO DISTRIBUTIONS BEFORE DISSOLUTION. (a)...
Section 30-25-405 - LIMITATIONS ON DISTRIBUTIONS. - 30-25-405. LIMITATIONS ON DISTRIBUTIONS. (a) A limited liability company may...
Section 30-25-406 - LIABILITY FOR IMPROPER DISTRIBUTIONS. - 30-25-406. LIABILITY FOR IMPROPER DISTRIBUTIONS. (a) Except as otherwise provided...
Section 30-25-407 - MANAGEMENT OF LIMITED LIABILITY COMPANY. - 30-25-407. MANAGEMENT OF LIMITED LIABILITY COMPANY. (a) A limited liability...
Section 30-25-408 - REIMBURSEMENT — INDEMNIFICATION — ADVANCEMENT AND INSURANCE. - 30-25-408. REIMBURSEMENT — INDEMNIFICATION — ADVANCEMENT AND INSURANCE. (a) A...
Section 30-25-409 - STANDARDS OF CONDUCT FOR MEMBERS AND MANAGERS. - 30-25-409. STANDARDS OF CONDUCT FOR MEMBERS AND MANAGERS. (a) A...
Section 30-25-410 - RIGHTS TO INFORMATION OF MEMBER, MANAGER AND PERSON DISSOCIATED AS MEMBER. - 30-25-410. RIGHTS TO INFORMATION OF MEMBER, MANAGER AND PERSON DISSOCIATED...
Part 5 - TRANSFERABLE INTERESTS AND RIGHTS OF TRANSFEREES AND CREDITORS
Section 30-25-501 - NATURE OF TRANSFERABLE INTEREST. - 30-25-501. NATURE OF TRANSFERABLE INTEREST. A transferable interest is personal...
Section 30-25-502 - TRANSFER OF TRANSFERABLE INTEREST. - 30-25-502. TRANSFER OF TRANSFERABLE INTEREST. (a) Subject to section 30-25-503(f),...
Section 30-25-503 - CHARGING ORDER. - 30-25-503. CHARGING ORDER. (a) On application by a judgment creditor...
Section 30-25-504 - POWER OF LEGAL REPRESENTATIVE OF DECEASED MEMBER. - 30-25-504. POWER OF LEGAL REPRESENTATIVE OF DECEASED MEMBER. If a...
Part 6 - DISSOCIATION
Section 30-25-601 - POWER TO DISSOCIATE AS MEMBER — WRONGFUL DISSOCIATION. - 30-25-601. POWER TO DISSOCIATE AS MEMBER — WRONGFUL DISSOCIATION. (a)...
Section 30-25-602 - EVENTS CAUSING DISSOCIATION. - 30-25-602. EVENTS CAUSING DISSOCIATION. A person is dissociated as a...
Section 30-25-603 - EFFECT OF DISSOCIATION. - 30-25-603. EFFECT OF DISSOCIATION. (a) If a person is dissociated...
Part 7 - DISSOLUTION AND WINDING UP
Section 30-25-701 - EVENTS CAUSING DISSOLUTION. - 30-25-701. EVENTS CAUSING DISSOLUTION. (a) A limited liability company is...
Section 30-25-702 - WINDING UP. - 30-25-702. WINDING UP. (a) A dissolved limited liability company shall...
Section 30-25-703 - RESCINDING DISSOLUTION. - 30-25-703. RESCINDING DISSOLUTION. (a) A limited liability company may rescind...
Section 30-25-704 - KNOWN CLAIMS AGAINST DISSOLVED LIMITED LIABILITY COMPANY. - 30-25-704. KNOWN CLAIMS AGAINST DISSOLVED LIMITED LIABILITY COMPANY. (a) Except...
Section 30-25-705 - OTHER CLAIMS AGAINST DISSOLVED LIMITED LIABILITY COMPANY. - 30-25-705. OTHER CLAIMS AGAINST DISSOLVED LIMITED LIABILITY COMPANY. (a) A...
Section 30-25-706 - COURT PROCEEDINGS. - 30-25-706. COURT PROCEEDINGS. (a) A dissolved limited liability company that...
Section 30-25-707 - DISPOSITION OF ASSETS IN WINDING UP. - 30-25-707. DISPOSITION OF ASSETS IN WINDING UP. (a) In winding...
Section 30-25-708 - SUBJECTS COVERED OUTSIDE CHAPTER. - 30-25-708. SUBJECTS COVERED OUTSIDE CHAPTER. The following subjects are covered...
Part 8 - ACTIONS BY MEMBERS
Section 30-25-801 - DIRECT ACTION BY MEMBER. - 30-25-801. DIRECT ACTION BY MEMBER. (a) Subject to subsection (b)...
Section 30-25-802 - DERIVATIVE ACTION. - 30-25-802. DERIVATIVE ACTION. A member may maintain a derivative action...
Section 30-25-803 - PROPER PLAINTIFF. - 30-25-803. PROPER PLAINTIFF. A derivative action to enforce a right...
Section 30-25-804 - PLEADING. - 30-25-804. PLEADING. In a derivative action, the complaint must state...
Section 30-25-805 - SPECIAL LITIGATION COMMITTEE. - 30-25-805. SPECIAL LITIGATION COMMITTEE. (a) If a limited liability company...
Section 30-25-806 - PROCEEDS AND EXPENSES. - 30-25-806. PROCEEDS AND EXPENSES. (a) Except as otherwise provided in...