13.1-1046 - Dissolution; generally. - Virginia Statutes

§ 13.1-1046. Dissolution; generally.

A limited liability company organized under this chapter is dissolved and itsaffairs shall be wound up upon the happening of the first to occur of thefollowing events:

1. At the time or on the happening of any events specified in writing in thearticles of organization or an operating agreement;

2. Upon the unanimous written consent of the members;

3. The entry of a decree of judicial dissolution under § 13.1-1047;

4. Automatic cancellation of its existence pursuant to § 13.1-1050.2; or

5. Involuntary cancellation of its existence pursuant to § 13.1-1050.3.

(1991, c. 168; 1994, c. 348; 1995, c. 168; 1996, c. 265; 1997, c. 190; 1998,c. 432; 2000, c. 581; 2001, c. 548; 2008, cc. 108, 588, 770; 2009, c. 167.)