48-245-201 - Nonjudicial termination by organizers.
48-245-201. Nonjudicial termination by organizers.
(a) Manner. An LLC that has not accepted contributions may be dissolved and terminated by the organizers in the manner set forth in this section.
(b) Articles of Termination. A majority of the organizers shall sign and file with the secretary of state articles of termination containing:
(1) The name of the LLC;
(2) The date of organization;
(3) A statement that contributions have not been accepted; and
(4) A statement that no debts remain unpaid.
(c) If the secretary of state finds that the articles of termination comply with the requirements of subsection (b) and if the articles of termination are accompanied by a certificate from the commissioner of revenue that the LLC has properly filed all reports and paid all taxes and penalties required by the revenue laws of this state, then the secretary of state shall file the articles of termination of existence of the LLC.
(d) When the articles of termination have been filed in accordance with subsection (c), the existence of the LLC is terminated.
[Acts 1994, ch. 868, § 1; 2009, ch. 349, §§ 1, 2.]