Dissolution Avoidance Consent. An event that terminates the continued membership of a Member shall not cause the company to be dissolved unless it is the last or sole member of the Company. After the occurrence of an event, as provided in Section 13.1, that terminates the continued membership of another Member in the Company, each remaining Member may be asked to consent to the continuation of the Company as a legal entity without dissolution and to the continuation of its business, pursuant to the power set forth in Article V of the Articles of Organization of the Company.
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Samples: Member Control Agreement, Member Control Agreement (Red Trail Energy, LLC), Member Control Agreement
Dissolution Avoidance Consent. An event that terminates the continued membership of a Member member shall not cause the company to be dissolved unless it is the last or sole member of the Companycompany. After the occurrence of an event, as provided in Section 13.1, event that terminates the continued membership of another Member in the CompanyCompany (including the events enumerated in Section 10-00-000 of the Act), each remaining Member may be asked to consent to the continuation of the Company as a legal entity without dissolution and to the continuation of its business, pursuant to the power set forth in Article V of the Articles of Organization of the Company.
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