(1) (a) Section 79-29-803 applies to an action for judicial dissolution commenced after the mandatory application date; or(b) Section 79-29-801 applies to a voluntary dissolution initiated after the mandatory application date.
(a) Section 79-29-803 applies to an action for judicial dissolution commenced after the mandatory application date; or
(b) Section 79-29-801 applies to a voluntary dissolution initiated after the mandatory application date.
(2) The prior law governs:(a) An action described by subsection (1)(a) of this section that is pending on the mandatory application date; or(b) A proceeding described by subsection (1)(b) of this section initiated before the mandatory application date.
(a) An action described by subsection (1)(a) of this section that is pending on the mandatory application date; or
(b) A proceeding described by subsection (1)(b) of this section initiated before the mandatory application date.