Chapter 57D - North Carolina Limited Liability Company Act.

The General Statutes include changes from January 1, 2018 through August 4, 2018 (SL 2018-1 through SL 2018-131).

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Chapter 57D
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Article 1 - General Provisions.
G.S. 57D-1-01
§ 57D-1-01. Short title.
G.S. 57D-1-02
§ 57D-1-02. Governing law; jurisdiction of the superior courts; intent; reservation of power to amend or repeal.
G.S. 57D-1-03
§ 57D-1-03. Definitions.
G.S. 57D-1-04
§ 57D-1-04: Reserved for future codification purposes.
G.S. 57D-1-05
§ 57D-1-05: Reserved for future codification purposes.
G.S. 57D-1-06
§ 57D-1-06: Reserved for future codification purposes.
G.S. 57D-1-07
§ 57D-1-07: Reserved for future codification purposes.
G.S. 57D-1-08
§ 57D-1-08: Reserved for future codification purposes.
G.S. 57D-1-09
§ 57D-1-09: Reserved for future codification purposes.
G.S. 57D-1-10
§ 57D-1-10: Reserved for future codification purposes.
G.S. 57D-1-11
§ 57D-1-11: Reserved for future codification purposes.
G.S. 57D-1-12
§ 57D-1-12: Reserved for future codification purposes.
G.S. 57D-1-13
§ 57D-1-13: Reserved for future codification purposes.
G.S. 57D-1-14
§ 57D-1-14: Reserved for future codification purposes.
G.S. 57D-1-15
§ 57D-1-15: Reserved for future codification purposes.
G.S. 57D-1-16
§ 57D-1-16: Reserved for future codification purposes.
G.S. 57D-1-17
§ 57D-1-17: Reserved for future codification purposes.
G.S. 57D-1-18
§ 57D-1-18: Reserved for future codification purposes.
G.S. 57D-1-19
§ 57D-1-19: Reserved for future codification purposes.
G.S. 57D-1-20
§ 57D-1-20. Filing requirements.
G.S. 57D-1-21
§ 57D-1-21. Forms.
G.S. 57D-1-22
§ 57D-1-22. Filing, service, and copying fees.
G.S. 57D-1-23
§ 57D-1-23. Execution by judicial act.
G.S. 57D-1-24
§ 57D-1-24. Certificate of existence; certificate of authorization.
G.S. 57D-1-25
§ 57D-1-25: Reserved for future codification purposes.
G.S. 57D-1-26
§ 57D-1-26: Reserved for future codification purposes.
G.S. 57D-1-27
§ 57D-1-27: Reserved for future codification purposes.
G.S. 57D-1-28
§ 57D-1-28: Reserved for future codification purposes.
G.S. 57D-1-29
§ 57D-1-29: Reserved for future codification purposes.
G.S. 57D-1-30
§ 57D-1-30. Powers of the Secretary of State.
G.S. 57D-1-31
§ 57D-1-31. Interrogatories by Secretary of State.
G.S. 57D-1-32
§ 57D-1-32. Penalties imposed on limited liability companies for failure to answer interrogatories.
G.S. 57D-1-33
§ 57D-1-33. Information disclosed by interrogatories.
Article 2 - Purposes, Powers, Formation, Annual Report, Name, Registered Office, and Agent.
G.S. 57D-2-01
§ 57D-2-01. Nature, purposes, duration, existence.
G.S. 57D-2-02
§ 57D-2-02. Professional limited liability companies.
G.S. 57D-2-03
§ 57D-2-03. Powers of the LLC.
G.S. 57D-2-04
§ 57D-2-04: Reserved for future codification purposes.
G.S. 57D-2-05
§ 57D-2-05: Reserved for future codification purposes.
G.S. 57D-2-06
§ 57D-2-06: Reserved for future codification purposes.
G.S. 57D-2-07
§ 57D-2-07: Reserved for future codification purposes.
G.S. 57D-2-08
§ 57D-2-08: Reserved for future codification purposes.
G.S. 57D-2-09
§ 57D-2-09: Reserved for future codification purposes.
G.S. 57D-2-10
§ 57D-2-10: Reserved for future codification purposes.
G.S. 57D-2-11
§ 57D-2-11: Reserved for future codification purposes.
G.S. 57D-2-12
§ 57D-2-12: Reserved for future codification purposes.
G.S. 57D-2-13
§ 57D-2-13: Reserved for future codification purposes.
G.S. 57D-2-14
§ 57D-2-14: Reserved for future codification purposes.
G.S. 57D-2-15
§ 57D-2-15: Reserved for future codification purposes.
G.S. 57D-2-16
§ 57D-2-16: Reserved for future codification purposes.
G.S. 57D-2-17
§ 57D-2-17: Reserved for future codification purposes.
G.S. 57D-2-18
§ 57D-2-18: Reserved for future codification purposes.
G.S. 57D-2-19
§ 57D-2-19: Reserved for future codification purposes.
G.S. 57D-2-20
§ 57D-2-20. Formation.
G.S. 57D-2-21
§ 57D-2-21. Articles of organization.
G.S. 57D-2-22
§ 57D-2-22. Amendment of articles of organization.
G.S. 57D-2-23
§ 57D-2-23. Restated articles of organization.
G.S. 57D-2-24
§ 57D-2-24. Annual report for Secretary of State.
G.S. 57D-2-25
§ 57D-2-25. Report of veteran-owned small businesses and service-disabled veteran-owned small businesses.
G.S. 57D-2-26
§ 57D-2-26: Reserved for future codification purposes.
G.S. 57D-2-27
§ 57D-2-27: Reserved for future codification purposes.
G.S. 57D-2-28
§ 57D-2-28: Reserved for future codification purposes.
G.S. 57D-2-29
§ 57D-2-29: Reserved for future codification purposes.
G.S. 57D-2-30
§ 57D-2-30. Scope, function, and limitations of operating agreements.
G.S. 57D-2-31
§ 57D-2-31. Parties to, and other persons subject to or having rights under, the operating agreement.
G.S. 57D-2-32
§ 57D-2-32. Remedies for breach of operating agreement or occurrence of identified events; reliance on operating agreement.
G.S. 57D-2-33
§ 57D-2-33: Reserved for future codification purposes.
G.S. 57D-2-34
§ 57D-2-34: Reserved for future codification purposes.
G.S. 57D-2-35
§ 57D-2-35: Reserved for future codification purposes.
G.S. 57D-2-36
§ 57D-2-36: Reserved for future codification purposes.
G.S. 57D-2-37
§ 57D-2-37: Reserved for future codification purposes.
G.S. 57D-2-38
§ 57D-2-38: Reserved for future codification purposes.
G.S. 57D-2-39
§ 57D-2-39: Reserved for future codification purposes.
G.S. 57D-2-40
§ 57D-2-40. Registered office and registered agent.
G.S. 57D-2-41
§ 57D-2-41: Reserved for future codification purposes.
G.S. 57D-2-42
§ 57D-2-42: Reserved for future codification purposes.
G.S. 57D-2-43
§ 57D-2-43: Reserved for future codification purposes.
G.S. 57D-2-44
§ 57D-2-44: Reserved for future codification purposes.
G.S. 57D-2-45
§ 57D-2-45: Reserved for future codification purposes.
G.S. 57D-2-46
§ 57D-2-46: Reserved for future codification purposes.
G.S. 57D-2-47
§ 57D-2-47: Reserved for future codification purposes.
G.S. 57D-2-48
§ 57D-2-48: Reserved for future codification purposes.
G.S. 57D-2-49
§ 57D-2-49: Reserved for future codification purposes.
Article 3 - Membership and Management.
G.S. 57D-3-01
§ 57D-3-01. Admission of members; economic interest owners.
G.S. 57D-3-02
§ 57D-3-02. Cessation of membership.
G.S. 57D-3-03
§ 57D-3-03. Approval of members.
G.S. 57D-3-04
§ 57D-3-04. Information rights.
G.S. 57D-3-05
§ 57D-3-05: Reserved for future codification purposes.
G.S. 57D-3-06
§ 57D-3-06: Reserved for future codification purposes.
G.S. 57D-3-07
§ 57D-3-07: Reserved for future codification purposes.
G.S. 57D-3-08
§ 57D-3-08: Reserved for future codification purposes.
G.S. 57D-3-09
§ 57D-3-09: Reserved for future codification purposes.
G.S. 57D-3-10
§ 57D-3-10: Reserved for future codification purposes.
G.S. 57D-3-11
§ 57D-3-11: Reserved for future codification purposes.
G.S. 57D-3-12
§ 57D-3-12: Reserved for future codification purposes.
G.S. 57D-3-13
§ 57D-3-13: Reserved for future codification purposes.
G.S. 57D-3-14
§ 57D-3-14: Reserved for future codification purposes.
G.S. 57D-3-15
§ 57D-3-15: Reserved for future codification purposes.
G.S. 57D-3-16
§ 57D-3-16: Reserved for future codification purposes.
G.S. 57D-3-17
§ 57D-3-17: Reserved for future codification purposes.
G.S. 57D-3-18
§ 57D-3-18: Reserved for future codification purposes.
G.S. 57D-3-19
§ 57D-3-19: Reserved for future codification purposes.
G.S. 57D-3-20
§ 57D-3-20. Management; managers.
G.S. 57D-3-21
§ 57D-3-21. Duties of company officials; standards of conduct.
G.S. 57D-3-22
§ 57D-3-22. Delegation of authority of managers and other company officials.
G.S. 57D-3-23
§ 57D-3-23. Application to company officials.
G.S. 57D-3-24
§ 57D-3-24: Reserved for future codification purposes.
G.S. 57D-3-25
§ 57D-3-25: Reserved for future codification purposes.
G.S. 57D-3-26
§ 57D-3-26: Reserved for future codification purposes.
G.S. 57D-3-27
§ 57D-3-27: Reserved for future codification purposes.
G.S. 57D-3-28
§ 57D-3-28: Reserved for future codification purposes.
G.S. 57D-3-29
§ 57D-3-29: Reserved for future codification purposes.
G.S. 57D-3-30
§ 57D-3-30. Liability of members, managers, and other company officials to third parties.
G.S. 57D-3-31
§ 57D-3-31. Indemnification.
Article 4 - Contributions and Distributions.
G.S. 57D-4-01
§ 57D-4-01. Form of contributions.
G.S. 57D-4-02
§ 57D-4-02. Liability for contributions.
G.S. 57D-4-03
§ 57D-4-03. Interim distributions.
G.S. 57D-4-04
§ 57D-4-04. Distribution in kind.
G.S. 57D-4-05
§ 57D-4-05. Restrictions on making distributions.
G.S. 57D-4-06
§ 57D-4-06. Liability for wrongful distributions.
G.S. 57D-4-07
§ 57D-4-07. Right to distribution.
Article 5 - Transfer of Ownership Interests; Withdrawal.
G.S. 57D-5-01
§ 57D-5-01. Nature of ownership interest.
G.S. 57D-5-02
§ 57D-5-02. Transfer of economic interests.
G.S. 57D-5-03
§ 57D-5-03. Rights of judgment creditor.
G.S. 57D-5-04
§ 57D-5-04. Certain rights and liabilities of economic interest owners and transferors of ownership interests.
G.S. 57D-5-05
§ 57D-5-05. No right to voluntarily withdraw capital or terminate obligations.
Article 6 - Dissolution.
G.S. 57D-6-01
§ 57D-6-01. Dissolution.
G.S. 57D-6-02
§ 57D-6-02. Grounds for judicial dissolution.
G.S. 57D-6-03
§ 57D-6-03. Procedure for judicial dissolution.
G.S. 57D-6-04
§ 57D-6-04. Receivership.
G.S. 57D-6-05
§ 57D-6-05. Decree of judicial dissolution.
G.S. 57D-6-06
§ 57D-6-06. Administrative dissolution.
G.S. 57D-6-07
§ 57D-6-07. Winding up.
G.S. 57D-6-08
§ 57D-6-08. Marshaling of assets.
G.S. 57D-6-09
§ 57D-6-09. Articles of dissolution.
G.S. 57D-6-10
§ 57D-6-10. Known claims against dissolved LLC.
G.S. 57D-6-11
§ 57D-6-11. Unknown and certain other claims against dissolved LLC.
G.S. 57D-6-12
§ 57D-6-12. Enforcement of claims.
G.S. 57D-6-13
§ 57D-6-13. Court proceedings for contingent claims.
Article 7 - Foreign LLCs.
G.S. 57D-7-01
§ 57D-7-01. Authority to transact business.
G.S. 57D-7-02
§ 57D-7-02. Consequences of transacting business without authority.
G.S. 57D-7-03
§ 57D-7-03. Application for certificate of authority.
G.S. 57D-7-04
§ 57D-7-04. Amended certificate of authority.
G.S. 57D-7-05
§ 57D-7-05. Effect of certificate of authority.
G.S. 57D-7-06
§ 57D-7-06. Registered office and registered agent of foreign LLC.
G.S. 57D-7-07
§ 57D-7-07: Reserved for future codification purposes.
G.S. 57D-7-08
§ 57D-7-08: Reserved for future codification purposes.
G.S. 57D-7-09
§ 57D-7-09: Reserved for future codification purposes.
G.S. 57D-7-10
§ 57D-7-10: Reserved for future codification purposes.
G.S. 57D-7-11
§ 57D-7-11: Reserved for future codification purposes.
G.S. 57D-7-12
§ 57D-7-12: Reserved for future codification purposes.
G.S. 57D-7-13
§ 57D-7-13: Reserved for future codification purposes.
G.S. 57D-7-14
§ 57D-7-14: Reserved for future codification purposes.
G.S. 57D-7-15
§ 57D-7-15: Reserved for future codification purposes.
G.S. 57D-7-16
§ 57D-7-16: Reserved for future codification purposes.
G.S. 57D-7-17
§ 57D-7-17: Reserved for future codification purposes.
G.S. 57D-7-18
§ 57D-7-18: Reserved for future codification purposes.
G.S. 57D-7-19
§ 57D-7-19: Reserved for future codification purposes.
G.S. 57D-7-20
§ 57D-7-20. Withdrawal of foreign LLC.
G.S. 57D-7-21
§ 57D-7-21. Withdrawal of foreign LLC by reason of a merger, consolidation, or conversion; qualification of successor.
G.S. 57D-7-22
§ 57D-7-22. Authority of Attorney General.
G.S. 57D-7-23
§ 57D-7-23: Reserved for future codification purposes.
G.S. 57D-7-24
§ 57D-7-24: Reserved for future codification purposes.
G.S. 57D-7-25
§ 57D-7-25: Reserved for future codification purposes.
G.S. 57D-7-26
§ 57D-7-26: Reserved for future codification purposes.
G.S. 57D-7-27
§ 57D-7-27: Reserved for future codification purposes.
G.S. 57D-7-28
§ 57D-7-28: Reserved for future codification purposes.
G.S. 57D-7-29
§ 57D-7-29: Reserved for future codification purposes.
G.S. 57D-7-30
§ 57D-7-30. Grounds for revocation.
G.S. 57D-7-31
§ 57D-7-31. Procedure for and effect of revocation.
G.S. 57D-7-32
§ 57D-7-32. Appeal from revocation.
G.S. 57D-7-33
§ 57D-7-33. Inapplicability of Administrative Procedure Act.
Article 8 - Derivative Actions.
G.S. 57D-8-01
§ 57D-8-01. Member derivative actions.
G.S. 57D-8-02
§ 57D-8-02. Stay of proceedings.
G.S. 57D-8-03
§ 57D-8-03. Dismissal.
G.S. 57D-8-04
§ 57D-8-04. Discontinuance or settlement.
G.S. 57D-8-05
§ 57D-8-05. Payment of expenses.
G.S. 57D-8-06
§ 57D-8-06. Applicability to foreign LLCs.
G.S. 57D-8-07
§ 57D-8-07. Privileged communications.
Article 9 - Conversion and Merger.
G.S. 57D-9-01
§ 57D-9-01. Definitions.
G.S. 57D-9-02
§ 57D-9-02: Reserved for future codification purposes.
G.S. 57D-9-03
§ 57D-9-03: Reserved for future codification purposes.
G.S. 57D-9-04
§ 57D-9-04: Reserved for future codification purposes.
G.S. 57D-9-05
§ 57D-9-05: Reserved for future codification purposes.
G.S. 57D-9-06
§ 57D-9-06: Reserved for future codification purposes.
G.S. 57D-9-07
§ 57D-9-07: Reserved for future codification purposes.
G.S. 57D-9-08
§ 57D-9-08: Reserved for future codification purposes.
G.S. 57D-9-09
§ 57D-9-09: Reserved for future codification purposes.
G.S. 57D-9-10
§ 57D-9-10: Reserved for future codification purposes.
G.S. 57D-9-11
§ 57D-9-11: Reserved for future codification purposes.
G.S. 57D-9-12
§ 57D-9-12: Reserved for future codification purposes.
G.S. 57D-9-13
§ 57D-9-13: Reserved for future codification purposes.
G.S. 57D-9-14
§ 57D-9-14: Reserved for future codification purposes.
G.S. 57D-9-15
§ 57D-9-15: Reserved for future codification purposes.
G.S. 57D-9-16
§ 57D-9-16: Reserved for future codification purposes.
G.S. 57D-9-17
§ 57D-9-17: Reserved for future codification purposes.
G.S. 57D-9-18
§ 57D-9-18: Reserved for future codification purposes.
G.S. 57D-9-19
§ 57D-9-19: Reserved for future codification purposes.
G.S. 57D-9-20
§ 57D-9-20. Conversion.
G.S. 57D-9-21
§ 57D-9-21. Plan of conversion.
G.S. 57D-9-22
§ 57D-9-22. Filing of articles of organization and conversion by the converting entity.
G.S. 57D-9-23
§ 57D-9-23. Effective date; effects of conversion.
G.S. 57D-9-24
§ 57D-9-24: Reserved for future codification purposes.
G.S. 57D-9-25
§ 57D-9-25: Reserved for future codification purposes.
G.S. 57D-9-26
§ 57D-9-26: Reserved for future codification purposes.
G.S. 57D-9-27
§ 57D-9-27: Reserved for future codification purposes.
G.S. 57D-9-28
§ 57D-9-28: Reserved for future codification purposes.
G.S. 57D-9-29
§ 57D-9-29: Reserved for future codification purposes.
G.S. 57D-9-30
§ 57D-9-30. Conversion.
G.S. 57D-9-31
§ 57D-9-31. Plan of conversion.
G.S. 57D-9-32
§ 57D-9-32. Articles of conversion.
G.S. 57D-9-33
§ 57D-9-33. Effects of conversion.
G.S. 57D-9-34
§ 57D-9-34: Reserved for future codification purposes.
G.S. 57D-9-35
§ 57D-9-35: Reserved for future codification purposes.
G.S. 57D-9-36
§ 57D-9-36: Reserved for future codification purposes.
G.S. 57D-9-37
§ 57D-9-37: Reserved for future codification purposes.
G.S. 57D-9-38
§ 57D-9-38: Reserved for future codification purposes.
G.S. 57D-9-39
§ 57D-9-39: Reserved for future codification purposes.
G.S. 57D-9-40
§ 57D-9-40. Merger.
G.S. 57D-9-41
§ 57D-9-41. Plan of merger.
G.S. 57D-9-42
§ 57D-9-42. Articles of merger.
G.S. 57D-9-43
§ 57D-9-43. Effects of merger.
G.S. 57D-9-44
§ 57D-9-44: Reserved for future codification purposes.
G.S. 57D-9-45
§ 57D-9-45: Reserved for future codification purposes.
G.S. 57D-9-46
§ 57D-9-46: Reserved for future codification purposes.
G.S. 57D-9-47
§ 57D-9-47: Reserved for future codification purposes.
G.S. 57D-9-48
§ 57D-9-48: Reserved for future codification purposes.
G.S. 57D-9-49
§ 57D-9-49: Reserved for future codification purposes.
Article 10 - Miscellaneous.
G.S. 57D-10-01
§ 57D-10-01. Purpose; public policy.
G.S. 57D-10-02
§ 57D-10-02. Rules of construction; coordination with other law.
G.S. 57D-10-03
§ 57D-10-03: Reserved for future codification purposes.
G.S. 57D-10-04
§ 57D-10-04: Reserved for future codification purposes.
G.S. 57D-10-05
§ 57D-10-05: Reserved for future codification purposes.
G.S. 57D-10-06
§ 57D-10-06: Reserved for future codification purposes.
G.S. 57D-10-07
§ 57D-10-07: Reserved for future codification purposes.
G.S. 57D-10-08
§ 57D-10-08: Reserved for future codification purposes.
G.S. 57D-10-09
§ 57D-10-09: Reserved for future codification purposes.
Article 11 - Transition Provisions.
G.S. 57D-11-01
§ 57D-11-01. Applicability of act.
G.S. 57D-11-02
§ 57D-11-02. Application to qualified foreign LLCs.
G.S. 57D-11-03
§ 57D-11-03. Saving provisions.