On application by or for a member, a court may decree dissolution of a limited liability company whenever it is not reasonably practicable to carry on its business in conformity with its articles of organization or operating agreement.
§ 53-19-40 NMSA 1978
Judicial dissolution
Known as the Limited Liability Company Act
The act spans §§ 53–53 (80 sections).
Laws 1993, ch. 280, § 40.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.