{"id":621,"date":"2011-05-31T14:18:03","date_gmt":"2011-05-31T21:18:03","guid":{"rendered":"http:\/\/www.keytlaw.com\/azllclaw\/?page_id=621"},"modified":"2017-02-25T05:55:26","modified_gmt":"2017-02-25T12:55:26","slug":"ars-section-29-781","status":"publish","type":"page","link":"https:\/\/www.keytlaw.com\/azllclaw\/arizona-llc-statutes\/article-8\/ars-section-29-781\/","title":{"rendered":"ARS Section 29-781 Dissolution"},"content":{"rendered":"<p style=\"text-align: justify;\">A limited liability company organized under this chapter is dissolved on the occurrence of the first of the following:<\/p>\n<p style=\"text-align: justify; padding-left: 30px;\">1. At the time or on the happening of the events specified for dissolution in the articles of organization or an operating agreement.<\/p>\n<p style=\"text-align: justify; padding-left: 30px;\">2. Except as otherwise provided in an operating agreement, the written consent to dissolve by more than one-half of the members and by one or more members who on dissolution and liquidation of the assets of the limited liability company would be entitled to receive assets valued at more than one-half of the value of all assets distributed to all members on liquidation.<\/p>\n<p style=\"text-align: justify; padding-left: 30px;\">3. Involuntary judicial dissolution under <a href=\"http:\/\/www.keytlaw.com\/azllclaw\/arizona-llc-statutes\/article-8\/ars-section-29-785\" target=\"_blank\">section 29-785<\/a> or an administrative dissolution under <a href=\"http:\/\/www.keytlaw.com\/azllclaw\/arizona-llc-statutes\/article-8\/ars-section-29-786\" target=\"_blank\">section 29-786.<\/a><\/p>\n<p style=\"text-align: justify; padding-left: 30px;\">4. Except as otherwise provided in an operating agreement, an event of withdrawal of the last remaining member unless within ninety days all assignees by written consent admit at least one member pursuant to <a href=\"http:\/\/www.keytlaw.com\/azllclaw\/arizona-llc-statutes\/article-8\/ars-section-29-731\" target=\"_blank\">section 29-731<\/a>, subsection B, paragraph 4 to continue the business of the limited liability company.<\/p>\n<p style=\"text-align: justify;\"><strong>Caution<\/strong>:\u00a0\u00a0The above language was taken from Arizona\u2019s statutes on November 13, 2016.\u00a0 Check the Arizona legislature\u2019s <a href=\"http:\/\/www.azleg.gov\/ars\/29\/00781.htm\" target=\"_blank\">website<\/a> to determine if this statute changed after November 13, 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A limited liability company organized under this chapter is dissolved on the occurrence of the first of the following: 1. At the time or on the happening of the events specified for dissolution in the articles of organization or an operating agreement. 2. Except as otherwise provided in an operating agreement, the written consent to dissolve by more than one-half of the members and by one or more members who on dissolution and liquidation of the assets of the limited liability company would be entitled to receive assets valued at more than one-half of the value of all assets distributed to all members on liquidation. 3. Involuntary judicial dissolution under section 29-785 or an administrative dissolution under section 29-786. 4. Except as otherwise provided in an operating agreement, an event of withdrawal of the last remaining member unless within ninety days all assignees by written consent admit at least one member pursuant to section 29-731, subsection B, paragraph 4 to continue the business of the limited liability company. Caution:\u00a0\u00a0The above language was taken from Arizona\u2019s statutes on November 13, 2016.\u00a0 Check the Arizona legislature\u2019s website to determine if this statute changed after November 13, 2016.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":400,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-621","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Arizona Revised Statutes Section 29-781<\/title>\n<meta name=\"description\" content=\"Arizona LLC Law: The actual text of Arizona Revised Statutes Section 29-781 Dissolution\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.keytlaw.com\/azllclaw\/arizona-llc-statutes\/article-8\/ars-section-29-781\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ARS Section 29-781 Dissolution\" \/>\n<meta property=\"og:description\" content=\"Arizona LLC Law: The actual text of Arizona Revised Statutes Section 29-781 Dissolution\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.keytlaw.com\/azllclaw\/arizona-llc-statutes\/article-8\/ars-section-29-781\/\" \/>\n<meta property=\"og:site_name\" content=\"Arizona LLC Law\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/keytlaw\" \/>\n<meta property=\"article:modified_time\" content=\"2017-02-25T12:55:26+00:00\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/arizona-llc-statutes\\\/article-8\\\/ars-section-29-781\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/arizona-llc-statutes\\\/article-8\\\/ars-section-29-781\\\/\"},\"author\":{\"name\":\"Richard Keyt\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#\\\/schema\\\/person\\\/9d6c74d30296559f95e238fa25182391\"},\"headline\":\"ARS Section 29-781 Dissolution\",\"datePublished\":\"2011-05-31T21:18:03+00:00\",\"dateModified\":\"2017-02-25T12:55:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/arizona-llc-statutes\\\/article-8\\\/ars-section-29-781\\\/\"},\"wordCount\":193,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#organization\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/arizona-llc-statutes\\\/article-8\\\/ars-section-29-781\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/arizona-llc-statutes\\\/article-8\\\/ars-section-29-781\\\/\",\"url\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/arizona-llc-statutes\\\/article-8\\\/ars-section-29-781\\\/\",\"name\":\"Arizona Revised Statutes Section 29-781\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#website\"},\"datePublished\":\"2011-05-31T21:18:03+00:00\",\"dateModified\":\"2017-02-25T12:55:26+00:00\",\"description\":\"Arizona LLC Law: The actual text of Arizona Revised Statutes Section 29-781 Dissolution\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/arizona-llc-statutes\\\/article-8\\\/ars-section-29-781\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/arizona-llc-statutes\\\/article-8\\\/ars-section-29-781\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/arizona-llc-statutes\\\/article-8\\\/ars-section-29-781\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Arizona&#8217;s Repealed LLC Statutes\",\"item\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/arizona-llc-statutes\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Article 8 Dissolution\",\"item\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/arizona-llc-statutes\\\/article-8\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"ARS Section 29-781 Dissolution\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#website\",\"url\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/\",\"name\":\"Arizona LLC Law\",\"description\":\"Information about Forming &amp; 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