2005 Idaho Code - 53-643 — JUDICIAL DISSOLUTION

                                  TITLE  53
                                 PARTNERSHIP
                                  CHAPTER 6
                     IDAHO LIMITED LIABILITY COMPANY ACT
    53-643.  JUDICIAL DISSOLUTION. (1) On application by or for a member, the
district court may decree dissolution of a limited liability company when it
is established:
    (a)  That the managers or members are deadlocked in the management of the
    limited liability company's affairs, and that irreparable injury to the
    limited liability  company is being suffered or is threatened by reason
    thereof; or
    (b)  That the acts of the managers or members in control of the limited
    liability company are illegal, oppressive or fraudulent and that
    irreparable injury to the limited liability company is being suffered or
    is threatened by reason thereof.
    (2)  After entering the decree of dissolution, the court shall direct the
winding up and liquidation of the limited liability company's business and
affairs in accordance with section 53-644, Idaho Code, and the notification of
claimants in accordance with sections 53-648 and 53-649, Idaho Code. The clerk
of the court shall deliver a certified copy of the decree to the secretary of
state, who shall file it.