An Limited Liability Company ("LLC") is dissolved and its affairs are wound up on the happening of any of the following events: (1) at the time specified in the articles; (2) on the happening of events specified in the articles or a written operating agreement; (3) by a vote of at least a majority in interest of members or a greater percentage, if required by the articles or operating agreement; (4) without contrary provision in the articles or operating agreement, on the death, withdrawal, resignation, explusion, bankruptcy, or dissolution of a member, unless the LLC is continued by a vote of all remaining members within 90 days; or (5) on entry of a decree of judicial dissolution says California Business Law Attorney Steven C. Peck.
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