N.C. Gen. Stat. § 57D-2-01
Nature, purposes, duration, existence
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) An LLC is an entity distinct from its interest owners.
(1) An LLC is an entity distinct from its interest owners.
(2) An LLC has perpetual duration.
(2) An LLC has perpetual duration.
(3) Subject to subsection (d) of this section, an LLC may engage in any lawful business.
(3) Subject to subsection (d) of this section, an LLC may engage in any lawful business.
(4) A limited liability company engaging in a business that is subject to regulation under another statute of this State may be formed or authorized to transact business under this Chapter if not precluded by the other statute and is otherwise subject to the application of the other statute, which in the case of a limited liability company rendering a professional service requires giving effect to G.S. 57D-2-02.
(4) A limited liability company engaging in a business that is subject to regulation under another statute of this State may be formed or authorized to transact business under this Chapter if not precluded by the other statute and is otherwise subject to the application of the other statute, which in the case of a limited liability company rendering a professional service requires giving effect to G.S. 57D-2-02.
(5) After the dissolution of an LLC, the LLC continues its existence but shall wind up pursuant to G.S. 57D-6-07.
(5) After the dissolution of an LLC, the LLC continues its existence but shall wind up pursuant to G.S. 57D-6-07.
History
(2013-157, s. 2.)
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.