Section 10.50.415. Acts of winding up.

Latest version.

Unless otherwise provided in an operating agreement of the company, a person winding up the affairs of a limited liability company may, in the name of, and for and on behalf of, the company,
        (1) prosecute and defend court actions;
        (2) settle and close the affairs of the company;
        (3) dispose of and transfer the property of the company;
        (4) discharge the liabilities of the company; and
        (5) distribute to the members the assets of the company.

Notes

History

(Sec. 1 ch 99 SLA 1994)

                    
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