Dissolution

(a)A limited liability company organized under this Chapter shall be dissolved upon the occurrence of any of the following events:

(1)When the period fixed for the duration of the limited liability company expires.

(2)By the unanimous written agreement of all members.

(3)Upon the death, retirement, resignation, expulsion, bankruptcy, or dissolution of a member or upon the occurrence of any other event which terminates the continued membership of a member in the limited liability company, unless the business of the limited liability company is continued by the consent of all the remaining members or under a right to continue stated in the articles of organization of the liability company.

(b)As soon as possible following the occurrence of any of the events specified in Subsection

(a)which effects the dissolution of the limited liability company, the limited liability company shall execute a statement of intent to dissolve in the form prescribed by the Department of Revenue and Taxation.