Alabama Code 10A-5A-11.08. Dissolution and winding up of series
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Terms Used In Alabama Code 10A-5A-11.08
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
A series may be dissolved and its activities and affairs may be wound up without causing the dissolution of the limited liability company. The dissolution and winding up of a series does not abate, suspend, or otherwise affect the limitation on liabilities of the series provided by Section 10A-5A-11.02.