Grants circuit courts the ability to dissolve limited liability companies under certain conditions

HB 125 allows circuit courts in a county to dissolve a limited liability company (LLC) under specific conditions. The Attorney General can seek dissolution if an LLC was formed through fraud, operates illegally, or harms public policy. Alternatively, members can request dissolution if the LLC’s business is abandoned, management is deadlocked, or there’s persistent fraud or mismanagement by leaders. This directly affects LLCs operating within the county where the court has jurisdiction, giving courts authority to end their legal existence when these issues occur. The bill creates clear, objective criteria for court intervention without altering general LLC formation rules.