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Statutes Text

Article - Corporations and Associations


    (a)    Unless otherwise agreed, the remaining members of a limited liability company may wind up the affairs of the limited liability company.

    (b)    Notwithstanding the provisions of subsection (a) of this section, the circuit court of the county in which the principal office of the limited liability company is located, on cause shown after dissolution, may wind up the limited liability company’s affairs on application of any member.