Filing of Articles of Dissolution. (a) Such articles of dissolution shall be delivered to the Nevada Secretary of State. (b) Upon the filing of the articles of dissolution, the existence of the Company shall cease, except for the purpose of suits, other proceedings and appropriate action as provided in the Act. The Member shall thereafter be a trustee for creditors of the Company and as such shall have authority to distribute any Company property discovered after dissolution, convey real estate, and take such other action as may be necessary on behalf of and in the name of the Company.
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Samples: Operating Agreement (Diamond Resorts Parent, LLC), Operating Agreement (Las Vegas Sands Corp), Operating Agreement (Tercentenary Holdings, Corp.)
Filing of Articles of Dissolution. (a) Such articles of dissolution shall be delivered to the Nevada Secretary of State.
(b) Upon the filing of the articles of dissolution, the existence of the Company shall cease, except for the purpose of suits, other proceedings and appropriate action as provided in the Act. The Member Members shall thereafter be a trustee for creditors of the Company and as such shall have authority to distribute any Company property discovered after dissolution, convey real estate, and take such other action as may be necessary on behalf of and in the name of the Company.
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