48-245-902 - Judicial dissolution.
48-245-902. Judicial dissolution.
(a) On application by the attorney general and reporter or by or for a member, the court may decree dissolution of an LLC whenever it is not reasonably practicable to carry on the business in conformity with the articles and/or the operating agreement.
(b) The dissolution is effective upon the decree of dissolution becoming final and non-appealable. Such decree shall be filed with the office of the secretary of state.
[Acts 1994, ch. 868, § 1.]