§ 57C-6-01. Dissolution. - North Carolina Statutes

Article 6.

Dissolution.

§ 57C‑6‑01. Dissolution.

A limited liability company isdissolved and its affairs shall be wound up at or upon the first to occur ofthe following:

(1)        The time specifiedin the articles of organization or a written operating agreement;

(2)        The happening of anevent specified in the articles of organization or a written operatingagreement;

(3)        The written consentof all members or, if the limited liability company never had any members, amajority of the organizers;

(4)        The 90th day afterthe day on which a limited liability company that once had one or more membersceases to have any members, unless within that 90‑day period, one or morepersons are designated or otherwise admitted, with their consent, as memberseither as provided by the articles of organization or a written operatingagreement or, if the articles of organization or written operating agreement donot so provide, are designated or otherwise admitted as members by the assignee(or other person having only the rights of an assignee under G.S. 57C‑5‑02who controls the interest) of the person who was the last member of the limitedliability company; or

(5)        Entry of a decree ofjudicial dissolution under G.S. 57C‑6‑02, or the filing by theSecretary of State of a certificate of dissolution under G.S. 57C‑6‑03. (1993, c. 354,s. 1; 1995, c. 351, s. 12; 1999‑189, s. 5.1; 2000‑140, s. 101(t);2009‑247, s. 6.)