(1) A protected series of a series limited liability company is dissolved, and its activities and affairs must be wound up, only on the:(1) dissolution of the company;(2) occurrence of an event or circumstance the operating agreement states causes dissolution of the protected series;(3) affirmative vote or consent of all members; or(4) entry by the court of an order dissolving the protected series on application by an associated member or protected-series manager of the protected series:(A) in accordance with § 4-37-108; and(B) to the same extent, in the same manner, and on the same grounds the court would enter an order dissolving a limited liability company on application by a member or manager of the company; or(5) entry by the court of an order dissolving the protected series on application by the company or a member of the company on the ground that the conduct of all or substantially all the activities and affairs of the protected series is illegal.
(1) dissolution of the company;
(2) occurrence of an event or circumstance the operating agreement states causes dissolution of the protected series;
(3) affirmative vote or consent of all members; or
(4) entry by the court of an order dissolving the protected series on application by an associated member or protected-series manager of the protected series:(A) in accordance with § 4-37-108; and(B) to the same extent, in the same manner, and on the same grounds the court would enter an order dissolving a limited liability company on application by a member or manager of the company; or
(A) in accordance with § 4-37-108; and
(B) to the same extent, in the same manner, and on the same grounds the court would enter an order dissolving a limited liability company on application by a member or manager of the company; or
(5) entry by the court of an order dissolving the protected series on application by the company or a member of the company on the ground that the conduct of all or substantially all the activities and affairs of the protected series is illegal.