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North Dakota Code > Chapter 10-32 - Limited Liability Company Act

North Dakota Code > Title 10 > Chapter 10-32 - Limited Liability Company Act


Current as of: 2009
§ 10-32-01Citation
§ 10-32-02Definitions
§ 10-32-02.1Legal recognition of electronic records and electronic signatures
§ 10-32-02.2Knowledge and notice
§ 10-32-03.1Reservation of legislative right
§ 10-32-04Purposes
§ 10-32-05Organizers
§ 10-32-06Number of members required
§ 10-32-07Articles of organization
§ 10-32-08Filing of articles of organization
§ 10-32-09Effective date of organization
§ 10-32-10Limited liability company name
§ 10-32-11Reserved name
§ 10-32-12Registered office and agent
§ 10-32-13Change of registered office or agent
§ 10-32-14Amendment of articles of organization
§ 10-32-15Procedure for amendment before contribution
§ 10-32-16Procedure for amendment after contribution
§ 10-32-17Class or series voting on amendments
§ 10-32-18Articles of amendment
§ 10-32-19Effect of amendment
§ 10-32-20Filing of articles of amendment
§ 10-32-21Effective date of articles of amendment
§ 10-32-22Amendment of articles of organization in court-supervised reorganization
§ 10-32-23General powers
§ 10-32-24Limited liability company seal
§ 10-32-25Defense of ultra vires
§ 10-32-26Unauthorized assumption of limited liability company powers - Liability
§ 10-32-27Transaction of business outside North Dakota
§ 10-32-28Nature of a membership interest and statement of interest owned
§ 10-32-29Personal liability
§ 10-32-30Termination of a membership interest
§ 10-32-31Assignment of financial rights
§ 10-32-32Assignment of governance rights
§ 10-32-33Effective date of assignments
§ 10-32-34Rights of judgment creditor
§ 10-32-35Powers of estate of a deceased or incompetent member
§ 10-32-36Sharing of profits and losses
§ 10-32-37Preemptive rights
§ 10-32-38Regular meetings of members
§ 10-32-39Special meetings of members
§ 10-32-39.1Court-ordered meeting of members
§ 10-32-40Notice of member meetings
§ 10-32-40.1Voting rights
§ 10-32-40.2Voting list
§ 10-32-42Act of members
§ 10-32-42.1Contractual requirement to submit matter to members
§ 10-32-43Member action without a meeting
§ 10-32-43.1Member action by ballot
§ 10-32-43.2Remote communications for member meetings
§ 10-32-44Quorum of members
§ 10-32-47Voting by organizations and legal representatives
§ 10-32-48Proxies
§ 10-32-48.1Acceptance of member act by the limited liability company
§ 10-32-49Member voting agreements
§ 10-32-50Member-control agreements
§ 10-32-51Required records and information
§ 10-32-52Financial statements
§ 10-32-52.1Equitable remedies for members
§ 10-32-53Actions by members
§ 10-32-54Rights of dissenting members
§ 10-32-55Procedures for asserting dissenters' rights
§ 10-32-56Authorization, form, and acceptance of contributions
§ 10-32-57Restatement of value of previous contributions
§ 10-32-58Contribution agreements
§ 10-32-59Contribution allowance agreements
§ 10-32-60Sharing of distributions
§ 10-32-61Interim distributions
§ 10-32-62Distribution in kind
§ 10-32-63Status as a creditor
§ 10-32-64Limitations on distribution
§ 10-32-65Liability of members for illegal distributions
§ 10-32-66Liability of governors for illegal distributions
§ 10-32-67Organization
§ 10-32-68Bylaws
§ 10-32-69Board
§ 10-32-70Number of governors
§ 10-32-71Qualifications and election of governors
§ 10-32-72Terms of governors
§ 10-32-73Acts not void or voidable
§ 10-32-74Compensation of governors
§ 10-32-75Classification of governors
§ 10-32-76Voting for governors and cumulative voting
§ 10-32-77Resignation of governors
§ 10-32-78Nonjudicial removal of governors
§ 10-32-78.1Removal of governors by judicial proceeding
§ 10-32-79Board vacancies
§ 10-32-80Board meetings
§ 10-32-81Absent governors
§ 10-32-82Quorum of governors
§ 10-32-83Act of the board
§ 10-32-84Action without a meeting by governors
§ 10-32-85Board committees
§ 10-32-86Standard of conduct for governors
§ 10-32-87Governor conflicts of interest
§ 10-32-88Managers
§ 10-32-89Duties of managers and agents
§ 10-32-91Multiple managerial positions
§ 10-32-92Managers deemed elected
§ 10-32-93Contract rights
§ 10-32-94Resignation, removal, and vacancies
§ 10-32-95Delegation by managers
§ 10-32-96Standard of conduct for managers
§ 10-32-97Loans, guarantees, and suretyship
§ 10-32-98Advances
§ 10-32-99Indemnification
§ 10-32-100Merger - Exchange - Transfer
§ 10-32-101Plan of merger or exchange
§ 10-32-102Plan approval
§ 10-32-103Articles of merger - Certificate
§ 10-32-104Merger of subsidiary into parent
§ 10-32-105Abandonment of plan of merger
§ 10-32-106Effective date of merger or exchange and effect
§ 10-32-106.1Continuance of limited liability company authority
§ 10-32-107Merger or exchange with foreign limited liability company or foreign organization
§ 10-32-108Transfer of assets - When permitted
§ 10-32-108.1Conversion
§ 10-32-108.2Plan of conversion
§ 10-32-108.3Plan approval and amendment
§ 10-32-108.4Articles of conversion
§ 10-32-108.5Abandonment of conversion
§ 10-32-108.6Effective date of conversion - Effect
§ 10-32-109Methods of dissolution
§ 10-32-110Voluntary dissolution and termination prior to accepting contributions
§ 10-32-111Voluntary dissolution after accepting contributions
§ 10-32-112Filing notice of dissolution - Effect
§ 10-32-113Procedure in winding up
§ 10-32-114Winding-up procedure for limited liability companies that give notice to creditors and claimants
§ 10-32-115Winding-up procedure for limited liability companies that do not give notice to creditors and claimants
§ 10-32-116Revocation of dissolution
§ 10-32-117Filing of articles of termination - Effective date of termination - Certificate of termination
§ 10-32-118Supervised voluntary winding up and termination following a voluntary dissolution
§ 10-32-119Judicial intervention and equitable remedies, dissolution, and termination
§ 10-32-120Judicial intervention procedures
§ 10-32-121Qualifications of receivers and powers
§ 10-32-122Action by attorney general
§ 10-32-123Filing claims in judicial intervention proceedings
§ 10-32-124Discontinuance of proceedings for winding up through liquidation
§ 10-32-125Decree of termination
§ 10-32-126Filing decree
§ 10-32-127Deposit with administrator of abandoned property of amount due certain persons
§ 10-32-128Claims barred and exceptions
§ 10-32-129Right to sue or defend after termination
§ 10-32-130Omitted assets
§ 10-32-130.1Extension after duration expired
§ 10-32-130.2Effect of extension
§ 10-32-131Disposition of assets upon dissolution
§ 10-32-132Service of process on limited liability company, foreign limited liability company, and nonresident governors
§ 10-32-133When a member is not a proper party
§ 10-32-134State interested in proceedings
§ 10-32-135Foreign limited liability company - Governing law
§ 10-32-136Foreign limited liability company - Name
§ 10-32-137Foreign limited liability company - Admission of foreign limited liability company - Transacting business - Obtaining licenses and permits
§ 10-32-138Foreign limited liability company - Application for certificate of authority
§ 10-32-139Foreign limited liability company - Issuance of certificate of authority
§ 10-32-140Foreign limited liability company - Amendments to the certificate of authority
§ 10-32-141Foreign limited liability company - Registered agent - Registered office
§ 10-32-142Foreign limited liability company - Merger of foreign limited liability company authorized to transact business in this state
§ 10-32-143Foreign limited liability company - Certificate of withdrawal
§ 10-32-144Foreign limited liability company - Revocation of certificate of authority
§ 10-32-145Foreign limited liability company - Transaction of business without certificate of authority
§ 10-32-146Foreign limited liability company - Transactions not constituting transacting business
§ 10-32-147Foreign limited liability company - Action by attorney general
§ 10-32-148Service of process on a foreign limited liability company
§ 10-32-149Secretary of state - Annual report of limited liability company and foreign limited liability company
§ 10-32-150Secretary of state - Fees and charges
§ 10-32-152Secretary of state - Powers - Enforcement - Appeal
§ 10-32-152.1Delivery to and filing of records by secretary of state and effective date
§ 10-32-152.2Correcting a filed record
§ 10-32-153Secretary of state - Certificates and certified copies to be received in evidence
§ 10-32-153.1Secretary of state - Confidential records
§ 10-32-154Secretary of state - Forms
§ 10-32-155Miscellaneous - Foreign trade zones
§ 10-32-156Miscellaneous - Audit reports and audit of limited liability companies receiving state subsidies for production of alcohol or methanol for combination with gasoline

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