Ark. Code Ann. » Title 4 Chapter 32
Arkansas Code Annotated

Ark. Code Ann. § 4-32-902 (2026)

Judicial dissolution

✓ current as of May 2026
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On application by or for a member, a circuit court may decree dissolution of a limited liability company whenever it is not reasonably practicable to carry on the business of the limited liability company in conformity with the operating agreement.

History. Acts 1993, No. 1003, § 902.

Cross References. Jurisdiction of circuit courts, Ark. Const. Amend. 80, §§ 6, 19.

Research References

ALR.

Construction and Application of Limited Liability Company Acts — Issues Relating to Dissolution and Winding Up of Affairs of Limited Liability Company. 49 A.L.R.6th 1.

Case Notes

Bankruptcy Court Could Not Dissolve LLC.

Bankruptcy court could neither recognize the dissolution of an LLC nor judicially dissolve the LLC because dissolution of an Arkansas LLC occurred upon the happening of one of four enumerated events, none of which had occurred. Further, judicial dissolution was reserved by statute for a circuit court within the state of Arkansas, and the court would not expand the definition of circuit court to include a federal bankruptcy court. Caldwell v. Powell (In re Powell), 580 B.R. 822 (Bankr. E.D. Ark. 2018).

Notes of Decisions
Cited in 2 cases, 2018–2018 · leading case: Oliver v. Johanson, 357 F. Supp. 3d 758 (S.D.N.Y. 2018).
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Oliver v. Johanson, 357 F. Supp. 3d 758 (S.D.N.Y. 2018). “" Ark. Code Ann. § 4-32-902 . The Court has not found Arkansas case law addressing the situations where it would not be "reasonably practicable" to carry on the business of the LLC.”
Oliver v. Johanson (W.D. Ark. 2018). “§ 4-32-902 . The Court has not found Arkansas case law addressing the situations where it would not be “reasonably practicable” to carry on the business of the LLC.”
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