(A) A dissolved series continues its existence as a series but shall not carry on any activities except as is appropriate to wind up and liquidate its activities and affairs. Appropriate activities include all of the following:

1. (1) Collecting the assets of the series;
2. (2) Disposing of the properties of the series that will not be distributed in kind to persons owning membership interests associated with the series;
3. (3) Discharging or making provisions for discharging the liabilities of the series;
4. (4) Distributing the remaining property of the series in accordance with section 1706.7613 of the Revised Code;
5. (5) Doing any other act necessary to wind up and liquidate the series' activities and affairs.

(B) In winding up a series' activities, a series may do any of the following:

1. (1) Preserve the series' activities and property as a going concern for a reasonable time;
2. (2) Prosecute, defend, or settle actions or proceedings whether civil, criminal, or administrative;
3. (3) Make an assignment of the series' property;
4. (4) Resolve disputes by mediation or arbitration.

(C) A series' dissolution, in itself:

1. (1) Is not an assignment of the series' property;
2. (2) Does not prevent the commencement of a proceeding by or against the series in the series' name;
3. (3) Does not abate or suspend a proceeding pending by or against the series on the effective date of dissolution;
4. (4) Does not abate, suspend, or otherwise alter the application of section 1706.7613 of the Revised Code.