2020 New York Laws
LLC - Limited Liability Company Law
Article 7 - Dissolution
705 - Articles of Dissolution.

Universal Citation: NY LLC L § 705 (2020)
§  705.  Articles of dissolution. (a) Within ninety days following the
dissolution and the commencement of winding up of the limited  liability
company,  or  at  any other time after the expiration of the time period
for continuation of the limited liability company without the  agreement
in writing to continue by the legal representative of the last remaining
member  under paragraph four of subdivision (a) of section seven hundred
one of this article has expired, articles of dissolution shall be  filed
with  the  department  of  state entitled "Articles of dissolution of...
(name of limited liability company) under section seven hundred five  of
the  Limited  Liability  Company  Law"  and  executed in accordance with
section two hundred seven of this chapter. The articles  of  dissolution
shall set forth:

(1) the name of the limited liability company; and if it has been changed, the name under which it was formed;

(2) the date of filing of its articles of organization;

(3) the event giving rise to the filing of the articles of dissolution; and

(4) any other information the persons filing the articles determine.

(b) The cancellation of the articles of organization is effective at the time of filing of the articles of dissolution.

(c) The cancellation of the articles of organization shall not affect the liability of the members during the period of winding up and termination of the limited liability company.

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