Common use of Filing of Articles of Dissolution Clause in Contracts

Filing of Articles of Dissolution. The Articles of Dissolution shall be delivered to the Indiana Secretary of State. 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 Manager (or if there is no Manager, such other person as is elected by the Members) shall thereafter be trustee for the Members and creditors of the Company and as such shall have authority to distribute any Company property discovered after termination, and take such other action as may be necessary on behalf of and in the name of the Company.

Filing of Articles of Dissolution. The Articles (a) Duplicate originals of Dissolution such articles of dissolution shall be delivered to the Indiana Delaware Secretary of State. . (b) Upon the filing of the Articles articles of Dissolutiondissolution, the existence of the Company shall cease, except for the purpose of suits, other proceedings and appropriate action as provided in the Act. The Manager (or if there is no Manager, such other person as is elected by the Members) Member shall thereafter be a trustee for the Members and creditors of the Company and as such shall have authority to distribute any Company property discovered after terminationdissolution, convey real estate, and take such other action as may be necessary on behalf of and in the name of the Company.

Filing of Articles of Dissolution. The Articles (a) Duplicate originals of Dissolution such articles of dissolution shall be delivered to the Indiana Secretary of State. . (b) Upon the filing of the Articles articles of Dissolutiondissolution, the existence of the Company shall cease, except for to the purpose of suits, other proceedings proceedings, and appropriate action as provided in the Act. The Manager (or if there is no Manager, such other person as is elected by the Members) Managers shall thereafter be trustee trustees for the Members and creditors of the Company and as such shall have authority to distribute any Company property discovered after terminationdissolution, convey real estate, and take such other action as may be necessary on behalf of and in the name of the Company.