Code of Virginia § 13.1-1046. Dissolution; generally.
140 words·~1 min read·
/va/title-13-1/chapter-12/13-1-1046·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A limited liability company organized under this chapter is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following events:
1. At the time or on the happening of any events specified in writing in the articles of organization or an operating agreement;
2. Upon the unanimous written consent of the members;
3. The entry of a decree of judicial dissolution under § 13.1-1047 ;
4. Automatic cancellation of its existence pursuant to § 13.1-1050.2 ; or
5. Involuntary cancellation of its existence pursuant to § 13.1-1050.3 .
1991, c. 168; 1994, c. 348 ; 1995, c. 168 ; 1996, c. 265 ; 1997, c. 190 ; 1998, c. 432 ; 2000, c. 581 ; 2001, c. 548 ; 2008, cc. 108 , 588 , 770 ; 2009, c. 167 .