2017 Arizona Revised Statutes
Title 29 - Partnership
§ 29-784 Effect of signing articles of termination

Universal Citation: AZ Rev Stat § 29-784 (2017)

29-784. Effect of signing articles of termination

On the filing of the articles of termination the existence of the limited liability company ceases, except for the purpose of suits, other proceedings and appropriate action as provided in this chapter. The managers in office at the time of termination or, if none, the members may distribute any of the limited liability company's property discovered after termination, may convey real estate and may take other action as necessary on behalf of and in the name of the terminated limited liability company to wind up and liquidate the business and affairs of the limited liability company.

Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.