State Codes and Statutes
Statutes > New-hampshire > TITLEXXVIII > CHAPTER304-C > 304-C-51On application by or for a member or manager the superior court may decree dissolution of a limited liability company upon the occurrence of one or more of the following:
I. Procuring the certificate of formation through fraud;
II. Exceeding or abusing the authority conferred upon the limited liability company by law;
III. Committing a violation of any provision of law whereby the limited liability company has forfeited its certificate of formation;
IV. Carrying on, conducting, or transacting its business in a persistently fraudulent or illegal manner;
V. Abuse of its power contrary to the public policy of the state;
VI. A deadlock in the management of a limited liability company, the members are unable to break the deadlock, and because of the deadlock either irreparable injury to the limited liability company is threatened or being suffered or its business and affairs can no longer be conducted to its advantage; or
VII. An event specified as a ground for judicial dissolution in the limited liability company agreement.
The attorney general may apply to the superior court for a decree of dissolution of a limited liability company upon the occurrence of one or more of the grounds stated in RSA 304-C:51, I through V.
Source. 1993, 313:1, eff. July 1, 1993.
