Liquidation or Dissolution. In the event the Company is liquidated or dissolved, the assets of the Company shall be distributed to the Members in accordance with the provisions of Section 11.
Appears in 26 contracts
Sources: Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Neighborhoods Capital, LLC)
Liquidation or Dissolution. In the event the Company is liquidated or dissolved, the assets of the Company shall will be distributed to the Members in accordance with the provisions of Section 11. Upon the completion of the winding up of the Company, the Members will file a Certificate of Cancellation in accordance with the Act.
Appears in 1 contract
Sources: Limited Liability Company Agreement