{"data":{"id":"us-al/ala.-code-10a-5a-11.10","jurisdiction":"us-al","citation":"Ala. Code § 10A-5A-11.10","heading":"Effect of Dissolution of Series.","body":"(a) A dissolved series continues its existence as a series but may not carry on any activities and affairs except as is appropriate to wind up and liquidate its activities and affairs, including:\n(1) collecting the assets of the series;\n(2) disposing of the properties of the series that will not be distributed in kind to persons owning transferable interests;\n(3) discharging or making provisions for discharging the liabilities of the series;\n(4) distributing the remaining property of the series in accordance with Section 10A-5A-11.14; and\n(5) doing every other act necessary to wind up and liquidate the series’ activities and affairs.\n(b) In winding up a series’ activities and affairs, a series may:\n(1) preserve the series’ activities and affairs and property as a going concern for a reasonable time;\n(2) prosecute, defend, or settle actions or proceedings whether civil, criminal, or administrative;\n(3) transfer the series’ property; and\n(4) resolve disputes by mediation or arbitration.\n(c) The dissolution of a series does not:\n(1) transfer title to the series’ property;\n(2) prevent the commencement of a proceeding by or against the series in the series’ name;\n(3) terminate, abate, or suspend a proceeding pending by or against the series on the effective date of dissolution; or\n(4) abate, suspend, or otherwise alter the application of Section 10A-5A-3.01.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 5A Alabama Limited Liability Company Law of 2014.","Article 11 Series Provisions."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-5A-11.10","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"5de0b4d2e4c99a7bea56f14a6fb6accb7f2dcbca050aa04d99ce232c3f994fcd","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-5a-11.09","next":"us-al/ala.-code-10a-5a-11.11"},"notice":"GroundRules: Original legal text. Not legal advice."}