Current through the 2024 Regular Session
Section 79-29-805 - Decree; winding-up, liquidation, notification(1) If after a hearing the court determines that one or more grounds for judicial dissolution exist, it may enter a decree dissolving the limited liability company and specifying the effective date of the dissolution, and the clerk of the court shall deliver a certified copy of the decree to the Secretary of State who shall file it.(2) After entering the decree of dissolution, the court shall direct the winding-up and liquidation of the limited liability company's business and affairs in accordance with Section 79-29-809 and the notification of claimants in accordance with Sections 79-29-817 and 79-29-819.(3) Nothing contained in this section shall diminish the inherent equity powers of the court to fashion alternative remedies to judicial dissolution. Laws, 2010, ch. 532, § 1, eff. 1/1/2011.