2010 North Carolina Code
Chapter 57C North Carolina Limited Liability Company Act.
Article 6 - Dissolution.
57C-6-01. Dissolution.

57C‑6‑01. Dissolution.

A limited liability company is dissolved and its affairs shall be wound up at or upon the first to occur of the following:

(1) The time specified in the articles of organization or a written operating agreement;

(2) The happening of an event specified in the articles of organization or a written operating agreement;

(3) The written consent of all members or, if the limited liability company never had any members, a majority of the organizers;

(4) The 90th day after the day on which a limited liability company that once had one or more members ceases to have any members, unless within that 90‑day period, one or more persons are designated or otherwise admitted, with their consent, as members either as provided by the articles of organization or a written operating agreement or, if the articles of organization or written operating agreement do not so provide, are designated or otherwise admitted as members by the assignee (or other person having only the rights of an assignee under G.S. 57C‑5‑02 who controls the interest) of the person who was the last member of the limited liability company; or

(5) Entry of a decree of judicial dissolution under G.S. 57C‑6‑02, or the filing by the Secretary of State of a certificate of dissolution under G.S. 57C‑6‑03. (1993, c. 354, s. 1; 1995, c. 351, s. 12; 1999‑189, s. 5.1; 2000‑140, s. 101(t); 2009‑247, s. 6.)