2005 Arizona Revised Statutes - Revised Statutes §29-782  Effect of dissolution

A. After the dissolution of a limited liability company, its separate existence continues until articles of termination have been filed with the commission or until a decree terminating the limited liability company has been entered by a court of competent jurisdiction.

B. After its dissolution, the limited liability company shall proceed to collect its assets, convey and dispose of its properties that are not to be distributed in kind to its members, pay, satisfy or discharge, or make adequate provision to pay or discharge, its liabilities and obligations and do all other acts required to liquidate its business and affairs.