Exclusive Causes of Dissolution. Notwithstanding the Act, the following and only the following events shall cause the Council to be dissolved, liquidated, and terminated:
Appears in 2 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement
Exclusive Causes of Dissolution. Notwithstanding the Act, the following and only the following events shall cause the Council to be dissolved, liquidated, and terminated:
(a) The approval by at least three-quarters of the Members to dissolve the Council; or (b) At any time there are no members of the Council, unless the business of the Council is continued in accordance with the Act.
Appears in 1 contract
Sources: Limited Liability Company Agreement