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Idaho Code § 30-25-701

Events causing dissolution

Known as the Idaho Uniform Limited Liability Company Act

The act spans §§ 30–30 (51 sections).

Applied in 1 court decision — leading case Nelsen v. Nelsen (2022)

Most recently applied in Nelsen v. Nelsen (April 2022)

I.C., § 30-25 -701, as added by 2015, ch. 243, § 49, p. 758; am. 2017, ch. 100, § 1, p. 248.

(1) A limited liability company is dissolved, and its activities and affairs must be wound up, upon the occurrence of any of the following: An event or circumstance that the operating agreement states causes dissolution;

(2) The affirmative vote or consent of all the members;

(3) The passage of ninety (90) consecutive days during which the company has no members unless before the end of the period: Consent to admit at least one (1) specified person as a member is given by transferees owning the rights to receive a majority of distributions as transferees at the time the consent is to be effective; and

(4) At least one (1) person becomes a member in accordance with the consent;

(5) On application by a member, the entry by the district court of an order dissolving the company on the grounds that: The conduct of all or substantially all the company’s activities and affairs is unlawful; or

(6) It is not reasonably practicable to carry on the company’s activities and affairs in conformity with the certificate of organization and the operating agreement; or

(7) The managers or those members in control of the company: Have acted, are acting, or will act in a manner that is illegal or fraudulent; or

(8) Have acted or are acting in a manner that is oppressive and was, is, or will be directly harmful to the applicant; or

(9) The signing and filing of a statement of administrative dissolution by the secretary of state under section 30-25-708 [30-21-602], Idaho Code.

(10) In a proceeding brought under subsection (a)(4)(B) of this section, the court may order a remedy other than dissolution.

Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.