Asked by Tylour Smith on May 19, 2024

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Under the Uniform Limited Liability Company Act,a limited liability company will dissolve after the passage of ________ consecutive days during which the company has no members.

A) 30
B) 60
C) 90
D) 121
E) 180

Uniform Limited Liability Company Act

A comprehensive statute that provides a uniform regulatory framework for the formation, operation, and dissolution of limited liability companies (LLCs) in the states that adopt it.

Dissolve

To formally bring to an end a legal entity or agreement, such as a business corporation or a marriage.

Consecutive Days

Successive days that follow one after the other without interruption.

  • Ascertain the legal mandates and outcomes tied to starting, running, and discontinuing a business.
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AK
asdfalsk kdasdjMay 21, 2024
Final Answer :
C
Explanation :
Under the Uniform Limited Liability Company Act (ULLCA),a limited liability company dissolves on the happening of any event that the operating agreement specifies will cause dissolution,the consent of all the members,the passage of 90 consecutive days during which the company has no members,or the issuance of a court order for dissolution.