Limited Liability Companies 

South Carolina Code > Title 33 > Chapter 44 > § 33-44-802 - Limited liability company continues after dissolution

(b) At any time after the dissolution of a limited liability company and before the winding up of its business is completed, the members, including a dissociated member whose dissociation caused the dissolution, may unanimously waive the right to have the company's business wound up and the company terminated. In that case:

(1) the limited liability company resumes carrying on its business as if dissolution had never occurred and any liability incurred by the company or a member after the dissolution and before the waiver is determined as if the dissolution had never occurred; and

(2) the rights of a third party accruing under Section 33-44-804(a) or arising out of conduct in reliance on the dissolution before the third party knew or received a notification of the waiver are not adversely affected.

Previous section	Uniform Limited Liability Company Act Of 1996 Table of Contents	Next section

________________________________________________________________________

Related Articles: Limited Liability Companies

Limited Liability Company

LLC Operating Agreements

Comments (0)