State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-2622

21-2622. Dissolution.(1) A limited liability company shall be dissolved only upon the occurrence of the following:(a) The expiration of the period fixed, if any, for the duration of the limited liability company;(b) The unanimous written agreement of all members;(c) Any other event described in the articles of organization; or(d) The judicial dissolution of the limited liability company.(2) On application by or for any member, the district court may decree the dissolution of a limited liability company whenever it is not reasonably practicable to carry on the business of such limited liability company in conformity with its articles of organization or its operating agreement. SourceLaws 1993, LB 121, § 22; Laws 1994, LB 884, § 37; Laws 1996, LB 681, § 186; Laws 1997, LB 631, § 15. Termination Date: January 1, 2013