(1) A limited liability company is dissolved, and its activities must be wound up, upon the occurrence of any of the following: (a) An event or circumstance that the operating agreement states causes dissolution; (b) The consent of all the members; (c) The passage of ninety (90) consecutive days during which the company has no members; (d) On application by a member, the entry by the district court of an order dissolving the company on the grounds that: (i) The conduct of all or substantially all of the company's activities is unlawful; or (ii) It is not reasonably practicable to carry on the company's activities in conformity with the certificate of organization and the operating agreement; or (e) On application by a member, the entry by the district court of an order dissolving the company on the grounds that the managers or those members in control of the company: (i) Have acted, are acting, or will act in a manner that is illegal or fraudulent; or (ii) Have acted or are acting in a manner that is oppressive and was, is, or will be directly harmful to the applicant. (2) In a proceeding brought under subsection (1)(e) of this section, the district court may order a remedy other than dissolution.
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