[§428-802]  Limited liability companycontinues after dissolution.  (a)  Subject to subsection (b), a limitedliability company continues after dissolution only for the purpose of windingup its business.

(b)  At any time after the dissolution of alimited liability company and before the winding up of its business iscompleted, the members, including a dissociated member whose dissociationcaused the dissolution, may unanimously waive the right to have the company'sbusiness wound up and the company terminated.  In that case:

(1)  The limited liability company resumes carrying onits business as if dissolution had never occurred and any liability incurred bythe company or a member after the dissolution and before the waiver isdetermined as if the dissolution had never occurred; and

(2)  The rights of a third party accruing undersection 428‑804(a) or arising out of conduct in reliance on thedissolution before the third party knew or received a notification of thewaiver are not adversely affected. [L 1996, c 92, pt of §1]