{"data":{"id":"us-co/c.r.s.-7-80-803","jurisdiction":"us-co","citation":"C.R.S. § 7-80-803","heading":"Effect of dissolution.","body":"(1) A dissolved limited liability company continues its existence as a limited liability company but shall not carry on any business except as is appropriate to wind up and liquidate its business and affairs, including:\n\n(a) Collecting its assets;\n\n(b) Disposing of its properties that will not be distributed in kind to its members;\n\n(c) Discharging or making provision for discharging its liabilities;\n\n(d) Distributing its remaining property among its members; and\n\n(e) Doing every other act necessary to wind up and liquidate its business and affairs.\n\n(2) A dissolved limited liability company may dispose of claims against it pursuant to sections 7-90-911 and 7-90-912.","path":["Title 7 - CORPORATIONS AND ASSOCIATIONS","Article 80 - Limited Liability Companies","Part 8 - DISSOLUTION","Subpart 1 - VOLUNTARY DISSOLUTION"],"source_url":"https://olls.info/crs/crs2026-title-07.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"ffeeff30a868f66f457c4c2223185fb42b4f3b44106653a4504b8bf1904deef8","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-7-80-802","next":"us-co/c.r.s.-7-80-803.3"},"notice":"GroundRules: Original legal text. Not legal advice."}