HB1713

Missouri HB1713 allows circuit courts to dissolve limited liability companies under specific conditions, including fraud, deadlock, or substantial.

Missouri HB1713 modifies the conditions under which a limited liability company (LLC) can be dissolved by a circuit court. The bill specifies that an LLC may be dissolved if it was formed through fraud, is subject to internal deadlock, has impaired business operations, or if those in control have engaged in persistent fraud or abuse of authority. Additionally, the bill allows for dissolution if it is not practicable to continue business according to the operating agreement and if dissolution is necessary to protect the rights of members.