490A.1305 - ARTICLES OF DISSOLUTION.
490A.1305 ARTICLES OF DISSOLUTION. 1. Upon the completion of winding up of the limited liability company, articles of dissolution shall be delivered to the secretary of state for filing. The winding up of a limited liability company shall be completed when all debts, liabilities, and obligations of the limited liability company have been paid and discharged or reasonably adequate provision therefor has been made, and all of the remaining property and assets of the limited liability company have been distributed to the members. The articles of dissolution shall set forth all of the following: a. The name of the limited liability company. b. The date of filing of the articles of organization and each amendment thereto. c. The reason for filing the articles of dissolution. d. The effective date of dissolution if it is not to be effective on the filing of the articles of dissolution. e. Any other information the members or managers determine to include. 2. The limited liability company is dissolved upon the effective date of its articles of dissolution.
Section History: Recent Form 92 Acts, ch 1151, § 72