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Ohio Rev. Code Ann. § 1706.768

Separate asset series-events causing series dissolution

Known as the Ohio Revised Limited Liability Company Act

The act spans §§ 1706–1706 (92 sections).

Effective: April 12, 2021; Latest Legislation: Senate Bill 276 - 133rd General Assembly

A series is dissolved and its activities and affairs shall be wound up upon the first to occur of the following:

(A) The dissolution of the limited liability company under section 1706.47 of the Revised Code;

(B) An event or circumstance that the operating agreement states causes dissolution of the series;

(C) The consent of all of the members associated with the series;

(D) The passage of ninety days after the occurrence of the dissociation of the last remaining member associated with the series;

(E) On application by a member associated with the series, the entry by the appropriate court of an order dissolving the series on the grounds that it is not reasonably practicable to carry on the series' activities in conformity with the operating agreement.

Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.