Sec. 2. On application by or for a member, the circuit or superior court of the county in which the limited liability company's principal office, or if there is none in Indiana, in which the registered office is located, may decree dissolution of the limited liability company whenever it is not reasonably practicable to carry on the business in conformity with the articles of organization or operating agreement.
Ind. Code § 23-18-9-2
Court-decreed dissolution
Applied in 1 court decision — leading case Thornton v. CMB Entertainment, LLC (2015)
Most recently applied in Thornton v. CMB Entertainment, LLC (August 2015)
As added by P.L.8-1993, SEC.301.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.