Family farm incorporated

[mike kasowski]

Jurisdiction

North Dakota

When a family farm files to dissolve. Do all members sign off. If assets are left after bills paid do minority members have rights to assets left over

 

[adjusterjack]

Depends on the terms and conditions of your corporate charter and operating agreement.

You should be talking to an attorney about it.

 

[zddoodah]

When a family farm files to dissolve. Do all members sign off.

"Family farm" is not a business entity. Your use of the term "members" implies you're talking about an LLC. However, in the subject header of the post, you used the word "incorporated," which implies a corporation. Regardless, the mechanics of the dissolution depend on the terms of the LLC's operating agreement or the corporation's by-laws.

If assets are left after bills paid do minority members have rights to assets left over

Same answer as above.