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Section 7-16-1. - Short title. - § 7-16-1. Short title. This chapter shall be known and...
Section 7-16-2. - Definitions. - § 7-16-2. Definitions. As used in this chapter, unless the...
Section 7-16-3. - Purpose and duration. - § 7-16-3. Purpose and duration. Every limited-liability company organized under...
Section 7-16-3.1. - Professional services. - § 7-16-3.1. Professional services. A limited-liability company may render professional...
Section 7-16-3.2. - Liability in rendering professional services. - § 7-16-3.2. Liability in rendering professional services. (a) The liability...
Section 7-16-3.3. - Insurance or financial responsibility of limited-liability company. - § 7-16-3.3. Insurance or financial responsibility of limited-liability company. (a)...
Section 7-16-4. - Powers. - § 7-16-4. Powers. Each limited-liability company has the power: (1)...
Section 7-16-5. - Formation. - § 7-16-5. Formation. (a) One or more persons may form...
Section 7-16-5.1. - Conversion of certain entities to a limited-liability company. - § 7-16-5.1. Conversion of certain entities to a limited-liability company....
Section 7-16-5.2. - Approval of conversion of a limited-liability company. - § 7-16-5.2. Approval of conversion of a limited-liability company. (a)...
Section 7-16-5.3, 7-16-5.4. - [Repealed.] - § 7-16-5.3, 7-16-5.4. [Repealed.]
Section 7-16-6. - Articles of organization. - § 7-16-6. Articles of organization. (a) The articles of organization...
Section 7-16-7. - Execution of articles. - § 7-16-7. Execution of articles. (a) Articles required by this...
Section 7-16-8. - Filing. - § 7-16-8. Filing. (a) The secretary of state may not...
Section 7-16-9. - Name — Fictitious business names. - § 7-16-9. Name — Fictitious business names. (a) The name...
Section 7-16-10. - Reservation of name — Transfer of reserved name. - § 7-16-10. Reservation of name — Transfer of reserved name....
Section 7-16-11. - Resident agent. - § 7-16-11. Resident agent. (a) Each domestic or foreign registered...
Section 7-16-12. - Amendment and restatement of articles of organization. - § 7-16-12. Amendment and restatement of articles of organization. (a)...
Section 7-16-13. - Certificates of correction. - § 7-16-13. Certificates of correction. (a) If any document filed...
Section 7-16-14. - Management by members. - § 7-16-14. Management by members. Unless the articles of organization...
Section 7-16-15. - Managers. - § 7-16-15. Managers. (a) The articles of organization or a...
Section 7-16-16. - Election and removal of managers. - § 7-16-16. Election and removal of managers. Unless otherwise provided...
Section 7-16-17. - Duties of managers. - § 7-16-17. Duties of managers. (a) A manager shall discharge...
Section 7-16-18. - Limitation of liability of managers. - § 7-16-18. Limitation of liability of managers. (a) Subject to...
Section 7-16-19. - Action by managers. - § 7-16-19. Action by managers. If the business and affairs...
Section 7-16-20. - Agency power of managers. - § 7-16-20. Agency power of managers. (a) Every manager is...
Section 7-16-21. - Voting rights of members. - § 7-16-21. Voting rights of members. (a) Unless otherwise provided...
Section 7-16-22. - Records and information. - § 7-16-22. Records and information. (a) Each limited-liability company shall...
Section 7-16-23. - Liability of members and managers. - § 7-16-23. Liability of members and managers. A member or...
Section 7-16-24. - Contributions to capital. - § 7-16-24. Contributions to capital. The contribution of a member...
Section 7-16-25. - Liability for contribution. - § 7-16-25. Liability for contribution. (a) A promise by a...
Section 7-16-26. - Sharing of profits and losses. - § 7-16-26. Sharing of profits and losses. Unless otherwise provided...
Section 7-16-27. - Sharing of distributions. - § 7-16-27. Sharing of distributions. Unless otherwise provided in the...
Section 7-16-28. - Interim distributions. - § 7-16-28. Interim distributions. Except as provided in this chapter,...
Section 7-16-29. - Distributions upon withdrawal. - § 7-16-29. Distributions upon withdrawal. Upon the withdrawal of a...
Section 7-16-30. - Distribution in kind. - § 7-16-30. Distribution in kind. Except as provided in the...
Section 7-16-31. - Restrictions on making distributions. - § 7-16-31. Restrictions on making distributions. (a) No distribution may...
Section 7-16-32. - Liability upon wrongful distribution. - § 7-16-32. Liability upon wrongful distribution. (a) A member or...
Section 7-16-33. - Right to distribution. - § 7-16-33. Right to distribution. Unless otherwise provided in the...
Section 7-16-34. - Nature of membership interest. - § 7-16-34. Nature of membership interest. A membership interest is...
Section 7-16-35. - Assignment of membership interest. - § 7-16-35. Assignment of membership interest. (a) Unless otherwise provided...
Section 7-16-36. - Right of assignee to become a member. - § 7-16-36. Right of assignee to become a member. (a)...
Section 7-16-37. - Rights of judgment creditor. - § 7-16-37. Rights of judgment creditor. On application to a...
Section 7-16-38. - Powers of estate of a member. - § 7-16-38. Powers of estate of a member. (a) If...
Section 7-16-39. - Dissolution. - § 7-16-39. Dissolution. A limited-liability company is dissolved and its...
Section 7-16-40. - Judicial dissolution. - § 7-16-40. Judicial dissolution. On application by or on behalf...
Section 7-16-41. - Revocation of certificate of organization or certificate of registration. - § 7-16-41. Revocation of certificate of organization or certificate of...
Section 7-16-42. - Issuance of certificates of revocation. - § 7-16-42. Issuance of certificates of revocation. (a) Upon revoking...
Section 7-16-43. - Withdrawal of certificate of revocation. - § 7-16-43. Withdrawal of certificate of revocation. (a) Within twenty...
Section 7-16-44. - Appeal from revocation of certificate of organization. - § 7-16-44. Appeal from revocation of certificate of organization. (a)...
Section 7-16-45. - Winding up. - § 7-16-45. Winding up. (a) Except as otherwise provided in...
Section 7-16-46. - Distribution of assets. - § 7-16-46. Distribution of assets. On the winding up of...
Section 7-16-47. - Articles of dissolution. - § 7-16-47. Articles of dissolution. Not later than thirty (30)...
Section 7-16-48. - Law governing foreign limited-liability companies. - § 7-16-48. Law governing foreign limited-liability companies. (a) Subject to...
Section 7-16-49. - Registration of foreign limited-liability company. - § 7-16-49. Registration of foreign limited-liability company. (a) Before transacting...
Section 7-16-50. - Issuance of registration of foreign limited-liability company. - § 7-16-50. Issuance of registration of foreign limited-liability company. If...
Section 7-16-50.1. - Service of process on foreign limited-liability company. - § 7-16-50.1. Service of process on foreign limited-liability company. (a)...
Section 7-16-51. - Name registration by foreign limited-liability company. - § 7-16-51. Name registration by foreign limited-liability company. A foreign...
Section 7-16-52. - Amendments to registration of foreign limited-liability company. - § 7-16-52. Amendments to registration of foreign limited-liability company. If...
Section 7-16-52.1. - Foreign application for transfer of authority. - § 7-16-52.1. Foreign application for transfer of authority. (a) A...
Section 7-16-53. - Cancellation of registration of foreign limited-liability company. - § 7-16-53. Cancellation of registration of foreign limited-liability company. A...
Section 7-16-54. - Transaction of business by foreign limited-liability company without registration. - § 7-16-54. Transaction of business by foreign limited-liability company without...
Section 7-16-55. - Action to restrain foreign limited-liability company. - § 7-16-55. Action to restrain foreign limited-liability company. The attorney...
Section 7-16-56. - Right of member to bring derivative action. - § 7-16-56. Right of member to bring derivative action. A...
Section 7-16-57. - Pleading in derivative action. - § 7-16-57. Pleading in derivative action. In a derivative action,...
Section 7-16-58. - Expenses in derivative action. - § 7-16-58. Expenses in derivative action. (a) If a derivative...
Section 7-16-59. - Merger or consolidation. - § 7-16-59. Merger or consolidation. Any provision of chapters 1.2...
Section 7-16-60. - Plan of merger or consolidation. - § 7-16-60. Plan of merger or consolidation. (a) Each constituent...
Section 7-16-61. - Approval of merger or consolidation. - § 7-16-61. Approval of merger or consolidation. (a) A proposed...
Section 7-16-62. - Articles of merger or consolidation. - § 7-16-62. Articles of merger or consolidation. (a) After a...
Section 7-16-63. - Effects of merger or consolidation. - § 7-16-63. Effects of merger or consolidation. Following the consummation...
Section 7-16-64. - Merger or consolidation with foreign entity. - § 7-16-64. Merger or consolidation with foreign entity. (a) Any...
Section 7-16-65. - Filing, service, and copying fees. - § 7-16-65. Filing, service, and copying fees. The secretary of...
Section 7-16-66. - Annual report of domestic and foreign limited-liability companies. - § 7-16-66. Annual report of domestic and foreign limited-liability companies....
Section 7-16-67. - Filing of returns with the tax administrator — Annual charge. - § 7-16-67. Filing of returns with the tax administrator —...
Section 7-16-67.1. - Revocation of articles or authority to transact business for nonpayment of fee. - § 7-16-67.1. Revocation of articles or authority to transact business...
Section 7-16-68. - Limited-liability company property. - § 7-16-68. Limited-liability company property. Real and personal property owned,...
Section 7-16-69. - Certificates and certified copies to be received in evidence. - § 7-16-69. Certificates and certified copies to be received in...
Section 7-16-70. - Parties to actions. - § 7-16-70. Parties to actions. A member of a limited-liability...
Section 7-16-71. - Unauthorized assumption of powers. - § 7-16-71. Unauthorized assumption of powers. All persons who assume...
Section 7-16-72. - Severability. - § 7-16-72. Severability. If any provision of this chapter or...
Section 7-16-73. - Construction with other laws. - § 7-16-73. Construction with other laws. (a) Unless the provisions...
Section 7-16-74. - Forms to be furnished by secretary of state. - § 7-16-74. Forms to be furnished by secretary of state....
Section 7-16-75. - Reservation of power. - § 7-16-75. Reservation of power. The general assembly shall at...
Section 7-16-76. - Low-profit limited-liability company. - § 7-16-76. Low-profit limited-liability company. (a) A low-profit limited-liability company...