Articles of dissolution: Required provisions.
1. When all debts, liabilities and obligations have been paid and discharged or adequate provision has been made therefor and all of the remaining property and assets have been distributed to the members, articles of dissolution must be prepared and signed setting forth:
(a) The name of the limited-liability company;
(b) That all debts, obligations and liabilities have been paid and discharged or that adequate provision has been made therefor;
(c) That all the remaining property and assets have been distributed among its members in accordance with their respective rights and interests; and
(d) That there are no suits pending against the company in any court or that adequate provision has been made for the satisfaction of any judgment, order or decree which may be entered against it in any pending suit.
2. The articles must be signed by a manager, or if there is no manager by a member, of the company.
Last modified: February 26, 2006