Full text of Utah Utah Code § 16-20-1008 — Dissolution of a series. (Effective 10/1/2026), with citation guidance and answers to common questions.
§ 16-20-1008. Dissolution of a series. (Effective 10/1/2026)
Effective 10/1/2026
16-20-1008.
Dissolution of a series.
| (1) | Except to the extent otherwise provided in the operating agreement, a series may be dissolved and its affairs wound up without causing the dissolution of the limited liability company. |
| (2) | The dissolution of a series does not affect the limitation on liabilities of the series under Section 16-20-1001. |
| (3) | A series is dissolved and its affairs shall be wound up upon the dissolution of the limited liability company under Section 16-20-701 or upon the occurrence of any of the events described in Section 16-20-701, as applied to the series. |
| (4) | Notwithstanding Section 16-20-703, unless otherwise provided in the operating agreement, any of the following persons may wind up the affairs of a dissolved series:
| (a) | a manager associated with a series who has not wrongfully caused the dissolution of the series; |
| (b) | if there is no manager that satisfies the requirements of Subsection (4)(a), the members associated with the series who have not wrongfully caused the dissolution of the series or a person approved by the members associated with the series who have not wrongfully caused the dissolution of the series; or |
| (c) | if there is more than one class or group of members associated with the series, then by each class or group of members associated with the series, in either case, by members who have not wrongfully caused the dissolution of the series, and either:
| (i) | own more than 50% of the transferable interests of the series owned by members associated with the series who have not wrongfully caused the dissolution of the series; or |
| (ii) | own more than 50% of the transferable interests of each class or group associated with the series owned by members associated with the series who have not wrongfully caused the dissolution of the series. |
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| (5) |
| (a) | The persons winding up the affairs of a series, in the name of the series and for and on behalf of the series, may take all actions with respect to the series as are permitted under Section 12-20-703 for a limited liability company. |
| (b) | The persons winding up the affairs of a series shall provide for the claims and obligations of the series as provided in Section 16-20-708 for a limited liability company and distribute the assets of the series as provided in Section 16-20-708 for a limited liability company. |
| (c) | An action taken pursuant to this Subsection (5) may not affect the liability of a member and may not impose liability on a liquidating trustee. |
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Renumbered and Amended by Chapter
92, 2026 General Session
Frequently Asked Questions About Utah § 16-20-1008
What does Utah Code § 16-20-1008 cover?
Section 16-20-1008 ("Dissolution of a series. (Effective 10/1/2026)") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 16-20-1008?
A common citation format is "Utah Code § 16-20-1008" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 16-20-1008 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
