Sec. 1. (a) Unless otherwise provided in a written operating agreement, a limited liability company existing under this article on or before June 30, 1999, is governed by this section.
(b) A limited liability company is dissolved and its affairs must be wound up on the first of the following to occur:
(1) At the time or on the occurrence of events specified in writing in the articles of organization or operating agreement.
(2) Written consent of all the members.
(3) An event of dissociation occurs with respect to a member, unless the business of the limited liability company is continued by the consent of all the remaining members not more than ninety (90) days after the occurrence of the event or as otherwise provided in writing in the articles of organization or operating agreement.
(4) Entry of a decree of judicial dissolution under section 2 of this chapter.
As added by P.L.8-1993, SEC.301. Amended by P.L.269-1999, SEC.14.
Structure Indiana Code
Title 23. Business and Other Associations
Article 18. Limited Liability Companies
Chapter 9. Voluntary Dissolution
23-18-9-1. Circumstances Requiring Dissolution; Companies Existing on or Before June 30, 1999
23-18-9-1.1. Circumstances Requiring Dissolution; Companies Formed After June 30, 1999
23-18-9-2. Court-Decreed Dissolution
23-18-9-3. Powers of Dissolved Company; Effect of Dissolution
23-18-9-4. Entities Entitled to Wind Up Company's Business or Affairs
23-18-9-5. Binding Acts of Members Following Dissolution
23-18-9-6. Distribution of Assets
23-18-9-7. Articles of Dissolution; Filing
23-18-9-7.5. Revocation of Dissolution