S.C. Code § 33-44-802
Limited liability company continues after dissolution
South Carolina · South Carolina Code Title 33, Chapter 44 — Uniform Limited Liability Company Act of 1996 · Status: effective
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- S.C. Code § 33-44-802, Limited liability company continues after dissolution, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1576838
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(a) Subject to subsection (b), a limited liability company continues after dissolution only for the purpose of winding up its business.
(b) At any time after the dissolution of a limited liability company and before the winding up of its business is completed, the members, including a dissociated member whose dissociation caused the dissolution, may unanimously waive the right to have the company's business wound up and the company terminated. In that case:
(1) the limited liability company resumes carrying on its business as if dissolution had never occurred and any liability incurred by the company or a member after the dissolution and before the waiver is determined as if the dissolution had never occurred; and
(2) the rights of a third party accruing under Section 33-44-804(a) or arising out of conduct in reliance on the dissolution before the third party knew or received a notification of the waiver are not adversely affected.