The circuit courts may dissolve a limited liability company:
(1) In a proceeding by the Attorney General if it is established that:
(a) The limited liability company obtained its articles of organization through fraud; or
(b) The limited liability company has continued to exceed or abuse the authority conferred upon it by law.
(2) In a proceeding by or for a member if it is established that it is not reasonably practicable to carry on the business of the limited liability company in conformance with its articles of organization or any operating agreement.
(3) In a proceeding by the limited liability company to have its voluntary dissolution continued under court supervision. [1993 c.173 §66]
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