Grants circuit courts the ability to dissolve limited liability companies under certain conditions, obtaining certificates of good standing from the SoS for domestic or foreign LLCs and a search for series LLCs on the SoS website.

Summary

The bill lets a county circuit court order the dissolution of a limited liability company if the attorney general proves fraud, illegal conduct, or a public‑policy violation, or if a member petitions the court and certain conditions are met. It also requires obtaining a certificate of good standing from the Secretary of State for domestic or foreign LLCs and permits a search for series LLCs on the Secretary’s website. The measure is intended to give courts tools to address abusive or deadlocked LLCs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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