N.D. Cent. Code § 10-32.1-07

Nature, purpose, and duration of a limited liability company

Known as the North Dakota Uniform Limited Liability Company Act

The act spans §§ 10–10 (103 sections).

1. A limited liability company is an entity distinct from its members.

2. Except for a nonprofit limited liability company subject to chapter 10-36, which must comply with that chapter, a limited liability company may have any lawful purpose.

3. A limited liability company has perpetual duration unless stated otherwise in articles of organization filed with the secretary of state prior to July 1, 2015.

Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.