Cite as: 18 CNCA § 243

A. A limited liability company is dissolved and its affairs shall be wound up upon the earlier of:

1. the occurrence of the latest date on which the limited liability company is to dissolve set forth in the articles of organization;

2. the occurrence of events specified in writing in the operating agreement;

3. the written consent of all of the members; or

4. entry of a decree of judicial dissolution under subsection (B).

B. On application by or for a member, the District Court of Cherokee Nation may decree dissolution of a limited liability company whenever it is not reasonably practicable to carry on the business in conformity with the articles of organization or operating agreement.

Historical Data

LA 32–04, eff. July 16, 2004.