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Terms Used In Louisiana Revised Statutes 12:1334

  • Articles of organization: means documents filed under Louisiana Revised Statutes 12:1301
  • Operating agreement: means any agreement, written or oral, of the members as to, or in the case of a limited liability company having a single member, any written agreement between the member and the company memorializing the affairs of a limited liability company and the conduct of its business. See Louisiana Revised Statutes 12:1301

Except as provided in the articles of organization or a written operating agreement, a limited liability company is dissolved and its affairs shall be wound up upon the first to occur of the following:

(1)  The occurrence of events specified in writing in the articles of organization or operating agreement.

(2)  The consent of its members in accordance with La. Rev. Stat. 12:1318.

(3)  Repealed by Acts 1997, No. 717, §2, eff. July 8, 1997.

(4)  Entry of a decree of judicial dissolution under La. Rev. Stat. 12:1335.

Acts 1992, No. 780, §2, eff. July 7, 1992; Acts 1993, No. 475, §4, eff. June 9, 1993; Acts 1997, No. 717, §2, eff. July 8, 1997.