Section 1706.769 - Separate asset series-activities and proceedings after dissolution(A) A dissolved series continues its existence as a series but shall not carry on any activities except as is appropriate to wind up and liquidate its activities and affairs. Appropriate activities include all of the following: (1) Collecting the assets of the series;(2) Disposing of the properties of the series that will not be distributed in kind to persons owning membership interests associated with the series;(3) Discharging or making provisions for discharging the liabilities of the series;(4) Distributing the remaining property of the series in accordance with section 1706.7613 of the Revised Code;(5) Doing any other act necessary to wind up and liquidate the series' activities and affairs.(B) In winding up a series' activities, a series may do any of the following: (1) Preserve the series' activities and property as a going concern for a reasonable time;(2) Prosecute, defend, or settle actions or proceedings whether civil, criminal, or administrative;(3) Make an assignment of the series' property;(4) Resolve disputes by mediation or arbitration.(C) A series' dissolution, in itself: (1) Is not an assignment of the series' property;(2) Does not prevent the commencement of a proceeding by or against the series in the series' name;(3) Does not abate or suspend a proceeding pending by or against the series on the effective date of dissolution;(4) Does not abate, suspend, or otherwise alter the application of section 1706.7613 of the Revised Code.Added by 133rd General Assembly File No. TBD, SB 276,§1, eff. 4/12/2021.