Bill > HB1713

This bill modifies Missouri state law regarding the involuntary dissolution of limited liability companies (LLCs), expanding the circumstances under which a circuit court can order an LLC to be dissolved. Currently, the attorney general can seek dissolution if an LLC has obtained its organization through fraud, exceeded legal authority, conducted business illegally, or abused its powers contrary to public policy. The bill adds several new grounds for dissolution that can be initiated by or on behalf of a member, including situations where it is not reasonably practicable to continue the business according to its operating agreement, the business has been abandoned, the management is deadlocked or experiencing internal conflicts, business operations are substantially impaired, or those in control of the LLC have engaged in persistent fraud, mismanagement, or abuse of authority. The bill also introduces a new requirement that dissolution must be reasonably necessary to protect the rights or interests of the complaining members. These changes provide circuit courts with more flexibility and specific criteria to consider when determining whether to involuntarily dissolve an LLC, potentially offering greater protections for LLC members and addressing potential corporate misconduct.

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https://house.mo.gov/Bill.aspx?bill=HB1713&year=2026&code=R