Purpose; public policy
Applied in 4 court decisions — leading case Strategic Mgmt. Decisions, LLC v. Sales Performance Int'l, LLC (2017)
Most recently applied in Estevez v. C&S Com., LLC (November 2025)
2013-157, s. 2.
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
(a) This Chapter is to be applied to promote its purposes and policies.
(b) The purpose of this Chapter is to provide a flexible framework under which one or more persons may organize and manage one or more businesses as they determine to be appropriate with minimum prescribed formalities or constraints.
(c) It is the policy of this Chapter to give the maximum effect to the principle of freedom of contract and the enforceability of operating agreements.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.