Unless otherwise provided in an operating agreement of the company, a person winding up the affairs of a limited liability company may, in the name of, and for and on behalf of, the company,
(1) prosecute and defend court actions;
(2) settle and close the affairs of the company;
(3) dispose of and transfer the property of the company;
(4) discharge the liabilities of the company; and
(5) distribute to the members the assets of the company.
Section: Previous 10.50.400 10.50.405 10.50.408 10.50.410 10.50.415 10.50.420 10.50.425 10.50.430 10.50.435 10.50.440 NextLast modified: November 15, 2016