A protected series of a series limited liability company is dissolved, and its activities and affairs must be wound up, only on the: (1) dissolution of the company; (2) occurrence of an event or circumstance the operating agreement states causes dissolution of the protected series; (3) affirmative vote or consent of all members; or (4) […]
(a) Subject to subsections (b) and (c) and in accordance with § 4-37-108: (1) a dissolved protected series shall wind up its activities and affairs in the same manner that a limited liability company winds up its activities and affairs under § 4-32-903, subject to the same requirements and conditions and with the same effects; […]
If a series limited liability company that has been administratively dissolved is reinstated, or a series limited liability company that voluntarily dissolved rescinds its dissolution: (1) each protected series of the company ceases winding up; and (2) section 4-32-203 applies to each protected series of the company in accordance with § 4-37-108.
