Ohio Code 1706.768 – Separate asset series-events causing series dissolution
A series is dissolved and its activities and affairs shall be wound up upon the first to occur of the following:
Terms Used In Ohio Code 1706.768
- Member: means a person that has been admitted as a member of a limited liability company under section 1706. See Ohio Code 1706.01
- Operating agreement: includes any amendments to the operating agreement. See Ohio Code 1706.01
(A) The dissolution of the limited liability company under section 1706.47 of the Revised Code;
(B) An event or circumstance that the operating agreement states causes dissolution of the series;
(C) The consent of all of the members associated with the series;
(D) The passage of ninety days after the occurrence of the dissociation of the last remaining member associated with the series;
(E) On application by a member associated with the series, the entry by the appropriate court of an order dissolving the series on the grounds that it is not reasonably practicable to carry on the series’ activities in conformity with the operating agreement.