347.149. Court may liquidate assets, when. - Missouri Statutes

Court may liquidate assets, when.

347.149. The court shall have full power to liquidate theassets and business of a limited liability company:

(1) In an action by a creditor, after dissolution of thelimited liability company, when the claim of the creditor hasbeen reduced to judgment and an execution thereon returnedunsatisfied and it is established that the limited liabilitycompany is insolvent;

(2) Upon application by a limited liability company, or forcause shown, by a member, after dissolution, to have itsliquidation continued under the supervision of the court;

(3) In an action filed by the attorney general after theissuance of a decree of dissolution for any of the causesprovided in subsection 1 of section 347.143; or

(4) In an action filed by any member after the issuance ofa decree of dissolution as provided in subsection 2 of section347.143.

(L. 1993 S.B. 66 & 20 § 359.798)

Effective 12-1-93