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Code · Florida · Title XXXVI — Business Organizations · Chapter 605

605.0701 Events causing dissolution.

137 words·~1 min read·/fl/title-xxxvi/chapter-605/605-0701·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A limited liability company is dissolved and its activities and affairs must be wound up upon the occurrence of the following:
(1)An event or circumstance that the operating agreement states causes dissolution.
(2)The consent of all the members.
(3)The passage of 90 consecutive days during which the company has no members, unless:
(a)Consent to admit at least one 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
(b)At least one person becomes a member in accordance with the consent.
(4)The entry of a decree of judicial dissolution in accordance with s. 605.0705 .
(5)The filing of a statement of administrative dissolution by the department pursuant to s. 605.0714 .
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