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Section 79-29-805 - Decree; winding-up, liquidation, notification — Mississippi Law | CourtGPT
  1. Home/
  2. Laws/
  3. Mississippi/
  4. Title 79 - Corporations, Associations, and Partnerships/
  5. Chapter 29 - Revised Mississippi Limited Liability Company Act/
  6. Article 8 - Dissolution/
  7. Section 79-29-805 - Decree; winding-up, liquidation, notification
Mississippi Legal Code

Section 79-29-805 - Decree; winding-up, liquidation, notification

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(1) If after a hearing the court determines that one or more grounds for judicial dissolution exist, it may enter a decree dissolving the limited liability company and specifying the effective date of the dissolution, and the clerk of the court shall deliver a certified copy of the decree to the Secretary of State who shall file it.(2) After entering the decree of dissolution, the court shall direct the winding-up and liquidation of the limited liability company's business and affairs in accordance with Section 79-29-809 and the notification of claimants in accordance with Sections 79-29-817 and 79-29-819.(3) Nothing contained in this section shall diminish the inherent equity powers of the court to fashion alternative remedies to judicial dissolution. Laws, 2010, ch. 532, § 1, eff. 1/1/2011.