29-784. Effect of signing articles of
termination
On the filing of the articles of termination the existence of the limited liability
company ceases, except for the purpose of suits, other proceedings and appropriate action
as provided in this chapter. The managers in office at the time of termination or, if
none, the members may distribute any of the limited liability company's property
discovered after termination, may convey real estate and may take other action as
necessary on behalf of and in the name of the terminated limited liability company
to wind up and liquidate the business and affairs of the limited liability company.
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