Effective: April 12, 2021 Latest Legislation: Senate Bill 276 - 133rd General Assembly (A) Subject to division (C)(5) of section 1706.471 of the Revised Code, after dissolution, the remaining members, if any, and if none, a person appointed by all holders of the membership interest last assigned by the last person to have been a member, may wind up the limited liability company's activities. (B) The appropriate tribunal may order supervision of the winding up of a dissolved limited liability company, including the appointment of a person to wind up the limited liability company's activities as follows: (1) On application of a member, if the applicant establishes good cause; (2) On application of an assignee, if both of the following apply: (a) The limited liability company does not have any members; (b) Within a reasonable time following the dissolution, a person has not been appointed pursuant to division (A) of this section. (3) In connection with a proceeding under division (E) of section 1706.47 of the Revised Code.
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