Section 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.L. 2003: Entire part R&RE, p. 2269, § 192, effective 7/1/2004. L. 2006: (2) added, p. 863, § 35, effective July 1.This section is similar to former § 8-80-807 as it existed prior to 2004.