2006 Minnesota Statutes

322B.806 NONJUDICIAL DISSOLUTION BY MEMBERS.
    Subdivision 1. Manner. A limited liability company may be dissolved by the members when
authorized in the manner set forth in this section.
    Subd. 2. Notice and approval. (a) Written notice shall be given to each member, whether
or not entitled to vote at a meeting of members, within the time and in the manner provided in
section 322B.34 for notice of meetings of members and, whether the meeting is a regular or a
special meeting, must state that a purpose of the meeting is to consider dissolving the limited
liability company and that dissolution must be followed by the winding up and termination of the
limited liability company.
(b) The proposed dissolution must be submitted for approval at a meeting of members. If
the proposed dissolution is approved at a meeting by the affirmative vote of the owners of a
majority of the voting power of all membership interests entitled to vote, the limited liability
company is dissolved.
History: 1992 c 517 art 2 s 106