Articles of dissolution: Filing; effect of filing.
1. The signed articles of dissolution must be filed with the Secretary of State. Articles of dissolution become effective upon filing with the Secretary of State.
2. Upon the filing of the articles of dissolution the existence of the company ceases, except for the purpose of suits, other proceedings and appropriate action as provided in this chapter. The manager or managers in office at the time of dissolution, or the survivors of them, are thereafter trustees for the members and creditors of the dissolved company and as such have authority to distribute any property of the company discovered after dissolution, convey real estate and take such other action as may be necessary on behalf of and in the name of the dissolved company.
Last modified: February 26, 2006