Indiana Code 23-18-9-1. Circumstances requiring dissolution; companies existing on or before June 30, 1999
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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.
(1) At the time or on the occurrence of events specified in writing in the articles of organization or operating agreement.
(b) A limited liability company is dissolved and its affairs must be wound up on the first of the following to occur:
Terms Used In Indiana Code 23-18-9-1
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
(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.