605.0701 Events causing dissolution.—A limited liability company is dissolved and its activities and affairs must be wound up upon the occurrence of the following:
(1) An event or circumstance that the operating agreement states causes dissolution.
(2) The consent of all the members.
(3) The passage of 90 consecutive days during which the company has no members, unless:
(a) Consent to admit at least one specified person as a member is given by transferees owning the rights to receive a majority of distributions as transferees at the time the consent is to be effective; and
(b) At least one person becomes a member in accordance with the consent.
(4) The entry of a decree of judicial dissolution in accordance with s. 605.0705.
(5) The filing of a statement of administrative dissolution by the department pursuant to s. 605.0714.
History.—s. 2, ch. 2013-180.
Section: Previous 605.0501 605.0502 605.0503 605.0504 605.0601 605.0602 605.0603 605.0701 605.0702 605.0703 605.0704 605.0705 605.0706 605.0707 605.0708 NextLast modified: September 23, 2016