(a) A dissolved limited liability company continues its existence but may not carry on any business except that necessary or appropriate to wind up and liquidate its business and affairs.
(b) Dissolution of a limited liability company does not:
(1) Transfer title to the limited liability company assets.
(2) Terminate or suspend a proceeding pending by or against the limited liability company on the effective date of dissolution.
(3) Terminate the authority of the registered agent of the limited liability company.
(Acts 1993, No. 93-724, p. 1425, §40; §10-12-40; amended and renumbered by Act 2009-513, p. 967, §236.)
Notes of Decisions
Felicia D. Thomas v. James Paul Clinton, 607 F. App'x 903 (11th Cir. 2015).
· cites it 2× “Alabama law provides expressly that a limited liability company’s dissolution does not “[t]erminate or suspend a proceeding pending by or against the limited liability company on the effective date of dissolution.” Id. § 10A-5-7.04(b)(2). Moreover, the person responsible for…”
Ala. Code § 10A-5-7.04(a): 2 cases
Felicia D. Thomas v. James Paul Clinton, 607 F. App'x 903 (11th Cir. 2015).
“Alabama law provides expressly that a limited liability company’s dissolution does not “[t]erminate or suspend a proceeding pending by or against the limited liability company on the effective date of dissolution.” Id. § 10A-5-7.04(b)(2). Moreover, the person responsible for…”
Ala. Code § 10A-5-7.04(b)(2): 1 case
Felicia D. Thomas v. James Paul Clinton, 607 F. App'x 903 (11th Cir. 2015).
“Alabama law provides expressly that a limited liability company’s dissolution does not “[t]erminate or suspend a proceeding pending by or against the limited liability company on the effective date of dissolution.” Id. § 10A-5-7.04(b)(2). Moreover, the person responsible for…”
Ala. Code § 10A-5-7.04(b)(3): 1 case
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