2005 Idaho Code - 53-642 — DISSOLUTION

                                  TITLE  53
                                 PARTNERSHIP
                                  CHAPTER 6
                     IDAHO LIMITED LIABILITY COMPANY ACT
    53-642.  DISSOLUTION. A limited liability company is dissolved and its
affairs shall be wound up upon the happening of the first to occur of the
following:
    (1)  At the time or upon the occurrence of events specified in writing in
the articles of organization or an operating agreement;
    (2)  The written consent of all members;
    (3)  An event of dissociation of a member, unless:
    (a)  The business of the limited liability company is continued by the
    consent of all the remaining members on or before the 90th day following
    the occurrence of any such event; or
    (b)  Otherwise provided in writing in an operating agreement;
    (4)  Entry of a decree of judicial dissolution under section 53-643, Idaho
Code; or
    (5)  Administrative dissolution by the secretary of state pursuant to
section 53-643B, Idaho Code.