§ 57C-6-02.1. Procedure for judicial dissolution. - North Carolina Statutes

§57C‑6‑02.1.  Procedure for judicial dissolution.

(a)        Venue for aproceeding to dissolve a limited liability company lies in the county where thelimited liability company's principal office (or, if none in this State, itsregistered office) is or was last located.

(b)        It is not necessaryto join members as parties to a proceeding to dissolve a limited liabilitycompany unless relief is sought against them individually, however the courtshall order that appropriate notice of the dissolution proceeding be given toall members by the party initiating the proceeding.

(c)        A court in aproceeding brought to dissolve a limited liability company may issueinjunctions, appoint a receiver with all powers and duties the court directs,take other action required to preserve the assets of the limited liabilitycompany, wherever located, and carry on the business of the limited liabilitycompany.

(d)        In any proceedingbrought by a member under G.S. 57C‑6‑02(2)(ii) in which the courtdetermines that dissolution would be appropriate, the court shall not orderdissolution if, after the court's determination, the limited liability companyelects to purchase the membership interest of the complaining member at itsfair value, as determined in accordance with any procedures the court mayprovide. (1999‑189, s. 5.3; 2000‑140, s. 101(t).)