(a) After dissolution, a member who has not wrongfully dissociated may participate in winding up a limited liability company's business, but on application of any member, member's legal representative or transferee, the circuit court, for good cause shown, may order judicial supervision of the winding up.
(b) A legal representative of the last surviving member may wind up a limited liability company's business.
(c) A person winding up a limited liability company's business may preserve the company's business or property as a going concern for a reasonable time, prosecute and defend actions and proceedings, whether civil, criminal or administrative, settle and close the company's business, dispose of and transfer the company's property, discharge the company's liabilities, distribute the assets of the company pursuant to section 8-806, settle disputes by mediation or arbitration and perform other necessary acts.
Structure West Virginia Code
Chapter 31B. Uniform Limited Liability Company Act
Article 8. Winding Up Company's Business
§31B-8-801. Events Causing Dissolution and Winding Up of Company's Business
§31B-8-802. Limited Liability Company Continues After Dissolution
§31B-8-803. Right to Wind Up Limited Liability Company's Business
§31B-8-804. Member's or Manager's Power and Liability as Agent After Dissolution
§31B-8-805. Articles of Termination
§31B-8-806. Distribution of Assets in Winding Up Limited Liability Company's Business
§31B-8-807. Known Claims Against Dissolved Limited Liability Company
§31B-8-808. Other Claims Against Dissolved Limited Liability Company
§31B-8-809. Grounds for Administrative Dissolution
§31B-8-810. Procedure for and Effect of Administrative Dissolution
§31B-8-811. Reinstatement Following Administrative Dissolution