2013 New Hampshire Revised Statutes
Title XXVIII - PARTNERSHIPS
Chapter 304-C - LIMITED LIABILITY COMPANIES
Section 304-C:128 - Dissolution, Winding Up and Liquidation--Definitions.
304-C:128 Dissolution, Winding Up and Liquidation--Definitions. For purposes of this act, the following terms shall have the following meanings:
I. Dissolution. The dissolution of a limited liability company shall mean a change of its purpose to that of a limited liability company that may not carry on any business or other activity except as provided in RSA 304-C:127.
II. Winding up. The winding up of a limited liability company shall mean the process of concluding its existing business activities and all other activities in which it is engaged; concluding its internal affairs; and preparing for its liquidation.
III. Liquidation. The liquidation of a limited liability company shall mean the sale or other disposition of its assets and the distribution of these assets, or of the proceeds of the sale or other disposition of them, to its creditors and to the members.
Source. 2012, 232:2, eff. Jan. 1, 2013.
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