2005 North Carolina Code - General Statutes § 57C-6-01. Dissolution.

Article 6.

Dissolution.

§ 57C‑6‑01.  Dissolution.

A limited liability company is dissolved and its affairs shall be wound up at or upon the first to occur of the following:

(1)       The time specified in the articles of organization or a written operating agreement;

(2)       The happening of an event specified in the articles of organization or a written operating agreement;

(3)       The written consent of all members;

(4)       Unless otherwise provided in the articles of organization or a written operating agreement, at such time that the limited liability company no longer has any members. The foregoing to the contrary notwithstanding, unless otherwise provided in the articles of organization or a written operating agreement, a limited liability company shall not be dissolved and is not required to be wound up by reason of any event of withdrawal of the last remaining member if, within 90 days after the event of withdrawal, the assignee or the fiduciary of the estate of the last remaining member agrees in writing that the business of the limited liability company may be continued until the admission of the assignee or the fiduciary of the estate of the member or its designee to the limited liability company as a member, effective as of the occurrence of the event that causes the withdrawal of the last remaining member; or

(5)       Entry of a decree of judicial dissolution under G.S. 57C‑6‑02, or the filing by the Secretary of State of a certificate of dissolution under G.S. 57C‑6‑03. (1993, c. 354, s. 1; 1995, c. 351, s. 12; 1999‑189, s. 5.1; 2000‑140, s. 101(t).)