Effect of dissolution

C.R.S. § 7-80-803
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
7-80-803. Effect of dissolution. (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: (a) Collecting its assets; (b) Disposing of its properties that will not be distributed in kind to its members; (c) Discharging or making provision for discharging its liabilities; (d) Distributing its remaining property among its members; and (e) Doing every other act necessary to wind up and liquidate its business and affairs. (2) A dissolved limited liability company may dispose of claims against it pursuant to sections 7-90-911 and 7-90-912.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-07.docx#7-80-803Fetched: 10/6/2026

Starting a business in Colorado? Colorado LLC guide: costs and requirements