North Carolina General Statutes Chapter 57D North Carolina Limited Liability Company Act

Article 1 - General Provisions.

N.C. Gen. Stat. § 57D-1-01. Short title
This Chapter is the "North Carolina Limited Liability Company Act" and may be cited by that name. (2013-157, s. 2.)
N.C. Gen. Stat. § 57D-1-02. Governing law; jurisdiction of the superior courts; intent; reservation of power to amend or repeal
(a) This Chapter and any other applicable laws of this State govern (i) the internal affairs of every LLC, including the interpretation, construction, and...
N.C. Gen. Stat. § 57D-1-03. Definitions
Unless otherwise specifically provided, the following definitions apply in this Chapter: (1) Approve. - With respect to a manager or other company official, member,...
N.C. Gen. Stat. § 57D-1-04. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-05. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-06. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-07. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-08. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-09. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-10. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-11. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-12. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-13. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-14. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-15. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-16. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-17. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-18. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-19. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-20. Filing requirements
(a) A document required or permitted by this Chapter to be filed by the Secretary of State must be filed as provided in Chapter...
N.C. Gen. Stat. § 57D-1-21. Forms
(a) The Secretary of State may promulgate and furnish on request forms for the following: (1) An application for a certificate of existence. (2)...
N.C. Gen. Stat. § 57D-1-22. Filing, service, and copying fees
(a) The Secretary of State shall collect the following fees when the documents described in this subsection are delivered to the Secretary of State...
N.C. Gen. Stat. § 57D-1-23. Execution by judicial act
Any person who is adversely affected by the failure or refusal of any person to execute and deliver to the Secretary of State for...
N.C. Gen. Stat. § 57D-1-24. Certificate of existence; certificate of authorization
(a) Anyone may apply to the Secretary of State for a certificate of existence for an LLC or a certificate of authorization for a...
N.C. Gen. Stat. § 57D-1-25. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-26. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-27. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-28. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-29. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-1-30. Powers of the Secretary of State
The Secretary of State has the power necessary to perform the duties required by this Chapter. (2013-157, s. 2.)
N.C. Gen. Stat. § 57D-1-31. Interrogatories by Secretary of State
The Secretary of State may propound to any limited liability company that the Secretary of State has reason to believe is subject to the...
N.C. Gen. Stat. § 57D-1-32. Penalties imposed on limited liability companies for failure to answer interrogatories
(a) In addition to the recourse that the Secretary of State may have under G.S. 57D-6-06 and Part 3 of Article 7 of this...
N.C. Gen. Stat. § 57D-1-33. Information disclosed by interrogatories
Interrogatories propounded by the Secretary of State and the answers thereto will not be open to public inspection nor shall the Secretary of State...

Article 2 - Purposes, Powers, Formation, Annual Report, Name, Registered Office, and Agent.

N.C. Gen. Stat. § 57D-2-01. Nature, purposes, duration, existence
(a) An LLC is an entity distinct from its interest owners. (b) An LLC has perpetual duration. (c) Subject to subsection (d) of this...
N.C. Gen. Stat. § 57D-2-02. Professional limited liability companies
(a) Except as set forth in this subsection, a limited liability company may engage in rendering professional services only to the extent that it...
N.C. Gen. Stat. § 57D-2-03. Powers of the LLC
Unless this Chapter provides otherwise or the powers of the LLC are limited under the operating agreement, an LLC has the same powers as...
N.C. Gen. Stat. § 57D-2-04. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-05. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-06. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-07. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-08. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-09. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-10. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-11. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-12. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-13. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-14. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-15. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-16. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-17. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-18. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-19. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-20. Formation
(a) One or more persons may cause an LLC to be formed by delivering executed articles of organization to the Secretary of State for...
N.C. Gen. Stat. § 57D-2-21. Articles of organization
(a) The articles of organization must include the following information: (1) A name of the LLC that satisfies the provisions of G.S. 55D-20 and...
N.C. Gen. Stat. § 57D-2-22. Amendment of articles of organization
(a) An LLC may amend its articles of organization to add or change a provision that is required or permitted in the articles of...
N.C. Gen. Stat. § 57D-2-23. Restated articles of organization
(a) An LLC may restate its articles of organization at any time. (b) The restated articles of organization may include one or more amendments...
N.C. Gen. Stat. § 57D-2-24. Annual report for Secretary of State
(a) Excluding professional limited liability companies governed by G.S. 57D-2-02, each LLC and each foreign LLC authorized to transact business in this State must...
N.C. Gen. Stat. § 57D-2-25. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-26. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-27. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-28. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-29. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-30. Scope, function, and limitations of operating agreements
(a) The operating agreement governs the internal affairs of an LLC and the rights, duties, and obligations of (i) the interest owners, and the...
N.C. Gen. Stat. § 57D-2-31. Parties to, and other persons subject to or having rights under, the operating agreement
(a) The LLC is deemed to be a party to the operating agreement and, therefore, is bound by and may enforce the provisions thereunder...
N.C. Gen. Stat. § 57D-2-32. Remedies for breach of operating agreement or occurrence of identified events; reliance on operating agreement
(a) An operating agreement may subject interest owners and other persons who are parties to or otherwise bound by the operating agreement to specified...
N.C. Gen. Stat. § 57D-2-33. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-34. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-35. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-36. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-37. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-38. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-39. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-40. Registered office and registered agent
Each LLC must maintain a registered office and registered agent as required by Article 4 of Chapter 55D of the General Statutes and is...
N.C. Gen. Stat. § 57D-2-41. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-42. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-43. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-44. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-45. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-46. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-47. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-48. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-2-49. Reserved for future codification purposes

Article 3 - Membership and Management.

N.C. Gen. Stat. § 57D-3-01. Admission of members; economic interest owners
(a) A person becomes a member through the following: (1) In the case of a person executing the articles of organization in the capacity...
N.C. Gen. Stat. § 57D-3-02. Cessation of membership
(a) A person ceases to be a member upon the occurrence of any of the following events: (1) The person does any of the...
N.C. Gen. Stat. § 57D-3-03. Approval of members
The approval of all members is required to do any of the following: (1) Adopt or amend an operating agreement. (2) Admit any person...
N.C. Gen. Stat. § 57D-3-04. Information rights
(a) Subject to the other provisions of this section, each member may inspect and copy or otherwise obtain from the LLC any of the...
N.C. Gen. Stat. § 57D-3-05. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-06. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-07. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-08. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-09. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-10. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-11. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-12. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-13. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-14. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-15. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-16. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-17. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-18. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-19. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-20. Management; managers
(a) The management of an LLC and its business is vested in the managers. (b) Each manager has equal rights to participate in the...
N.C. Gen. Stat. § 57D-3-21. Duties of company officials; standards of conduct
(a) The managers shall manage the LLC and conduct the LLC's business in accordance with the operating agreement. (b) Each manager shall discharge that...
N.C. Gen. Stat. § 57D-3-22. Delegation of authority of managers and other company officials
The managers having general power to manage the LLC may delegate authority to act on behalf of the LLC to persons other than managers....
N.C. Gen. Stat. § 57D-3-23. Application to company officials
G.S. 57D-3-20(e), 57D-3-21, and 57D-3-22 shall apply to company officials who are not managers by substituting the term "company official" in lieu of the...
N.C. Gen. Stat. § 57D-3-24. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-25. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-26. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-27. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-28. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-29. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-3-30. Liability of members, managers, and other company officials to third parties
A person who is an interest owner, manager, or other company official is not liable for the obligations of the LLC solely by reason...
N.C. Gen. Stat. § 57D-3-31. Indemnification
(a) An LLC shall indemnify a person who is wholly successful on the merits or otherwise in the defense of any proceeding to which...

Article 4 - Contributions and Distributions.

N.C. Gen. Stat. § 57D-4-01. Form of contributions
An interest owner may make contributions to the LLC in any form, including (i) money or other property, services rendered, or any other direct...
N.C. Gen. Stat. § 57D-4-02. Liability for contributions
If an interest owner has contributed a promissory note or other obligation to transfer money or other property, to perform services, or to provide...
N.C. Gen. Stat. § 57D-4-03. Interim distributions
Distributions to interest owners before the dissolution and winding up of the LLC or, as provided in G.S. 57D-6-08(2), after the dissolution of the...
N.C. Gen. Stat. § 57D-4-04. Distribution in kind
An LLC may distribute property other than money if the interest owners receive interests of identical character in, or units of identical character of,...
N.C. Gen. Stat. § 57D-4-05. Restrictions on making distributions
(a) No distribution may be made by an LLC if, after giving effect to the distribution, either of the following would occur: (1) The...
N.C. Gen. Stat. § 57D-4-06. Liability for wrongful distributions
(a) If a distribution is made in violation of G.S. 57D-4-05, then each manager or other company official who alone or with other company...
N.C. Gen. Stat. § 57D-4-07. Right to distribution
An interest owner who is entitled to receive a distribution has the status of and is entitled to all remedies available to a creditor...

Article 5 - Transfer of Ownership Interests; Withdrawal.

N.C. Gen. Stat. § 57D-5-01. Nature of ownership interest
An ownership interest is personal property. (2013-157, s. 2.)
N.C. Gen. Stat. § 57D-5-02. Transfer of economic interests
An economic interest is transferable in whole or in part. The transfer of an economic interest or portion thereof does not entitle the transferee...
N.C. Gen. Stat. § 57D-5-03. Rights of judgment creditor
(a) On application to a court of competent jurisdiction by any judgment creditor of an interest owner, the court may charge the economic interest...
N.C. Gen. Stat. § 57D-5-04. Certain rights and liabilities of economic interest owners and transferors of ownership interests
(a) An economic interest owner may become a member only with that person's approval and through any of the following: (1) As provided in...
N.C. Gen. Stat. § 57D-5-05. No right to voluntarily withdraw capital or terminate obligations
Except as otherwise required by this Chapter or other applicable law, an interest owner may not (i) withdraw or compel the company to purchase...

Article 6 - Dissolution.

N.C. Gen. Stat. § 57D-6-01. Dissolution
An LLC is dissolved upon the occurrence of any of the following: (1) An event causing the LLC to dissolve under the operating agreement....
N.C. Gen. Stat. § 57D-6-02. Grounds for judicial dissolution
The superior court may dissolve an LLC in a proceeding brought by either of the following: (1) The Attorney General, if it is established...
N.C. Gen. Stat. § 57D-6-03. Procedure for judicial dissolution
(a) A proceeding under G.S. 57D-6-02 to dissolve an LLC is to be brought against the LLC. The party bringing the dissolution proceeding may...
N.C. Gen. Stat. § 57D-6-04. Receivership
(a) The court in a proceeding brought under G.S. 57D-6-02 to dissolve an LLC, or in a proceeding brought under G.S. 57D-6-07(c), may appoint...
N.C. Gen. Stat. § 57D-6-05. Decree of judicial dissolution
(a) If after a hearing the court determines that one or more grounds for judicial dissolution described in G.S. 57D-6-02 exist and the alternative...
N.C. Gen. Stat. § 57D-6-06. Administrative dissolution
(a) The Secretary of State may administratively dissolve an LLC if the Secretary of State determines that the LLC has done any of the...
N.C. Gen. Stat. § 57D-6-07. Winding up
(a) After its dissolution, an LLC shall wind up. The winding up may include continuing the business of the LLC for a period of...
N.C. Gen. Stat. § 57D-6-08. Marshaling of assets
During the winding up of an LLC, the LLC's assets are to be applied as follows: (1) First to creditors, including interest owners, managers,...
N.C. Gen. Stat. § 57D-6-09. Articles of dissolution
Upon dissolution of an LLC, the LLC shall deliver articles of dissolution to the Secretary of State for filing. The articles of dissolution must...
N.C. Gen. Stat. § 57D-6-10. Known claims against dissolved LLC
(a) A dissolved LLC for which articles of dissolution, a certificate of dissolution, or a decree of dissolution filed by the Secretary of State...
N.C. Gen. Stat. § 57D-6-11. Unknown and certain other claims against dissolved LLC
(a) A dissolved LLC for which articles of dissolution, a certificate of dissolution, or a decree of dissolution filed by the Secretary of State...
N.C. Gen. Stat. § 57D-6-12. Enforcement of claims
(a) A claim against a dissolved LLC under G.S. 57D-6-10 or G.S. 57D-6-11 may be enforced against either of the following: (1) Against the...
N.C. Gen. Stat. § 57D-6-13. Court proceedings for contingent claims
(a) A dissolved LLC that has published a notice under G.S. 57D-6-11 may file an application with the superior court of the county in...

Article 7 - Foreign LLCs.

N.C. Gen. Stat. § 57D-7-01. Authority to transact business
(a) A foreign LLC may not transact business in this State until it obtains a certificate of authority from the Secretary of State. (b)...
N.C. Gen. Stat. § 57D-7-02. Consequences of transacting business without authority
(a) No foreign LLC transacting business in this State without permission obtained through a certificate of authority may maintain any proceeding in any court...
N.C. Gen. Stat. § 57D-7-03. Application for certificate of authority
(a) A foreign LLC may apply for a certificate of authority to transact business in this State by delivering an application to the Secretary...
N.C. Gen. Stat. § 57D-7-04. Amended certificate of authority
(a) A foreign LLC authorized to transact business in this State shall obtain an amended certificate of authority from the Secretary of State if...
N.C. Gen. Stat. § 57D-7-05. Effect of certificate of authority
(a) A certificate of authority authorizes the foreign LLC to which it is issued to transact business in this State subject to the right...
N.C. Gen. Stat. § 57D-7-06. Registered office and registered agent of foreign LLC
Each foreign LLC authorized to transact business in this State must maintain a registered office and registered agent as required by Article 4 of...
N.C. Gen. Stat. § 57D-7-07. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-08. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-09. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-10. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-11. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-12. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-13. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-14. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-15. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-16. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-17. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-18. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-19. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-20. Withdrawal of foreign LLC
(a) A foreign LLC authorized to transact business in this State may not withdraw from this State until it obtains a certificate of withdrawal...
N.C. Gen. Stat. § 57D-7-21. Withdrawal of foreign LLC by reason of a merger, consolidation, or conversion; qualification of successor
(a) Whenever a foreign LLC authorized to transact business in this State ceases its separate existence as a result of a statutory merger, consolidation,...
N.C. Gen. Stat. § 57D-7-22. Authority of Attorney General
The Attorney General may maintain an action to restrain a foreign LLC from transacting business in this State in violation of this Article. (2013-157,...
N.C. Gen. Stat. § 57D-7-23. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-24. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-25. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-26. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-27. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-28. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-29. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-7-30. Grounds for revocation
(a) The Secretary of State may commence a proceeding under G.S. 57D-7-31 to revoke the certificate of authority of a foreign LLC authorized to...
N.C. Gen. Stat. § 57D-7-31. Procedure for and effect of revocation
(a) If the Secretary of State determines that one or more grounds exist under G.S. 57D-7-30 for revocation of a certificate of authority, the...
N.C. Gen. Stat. § 57D-7-32. Appeal from revocation
(a) A foreign LLC may appeal the Secretary of State's revocation of its certificate of authority to the Superior Court of Wake County within...
N.C. Gen. Stat. § 57D-7-33. Inapplicability of Administrative Procedure Act
The Administrative Procedure Act shall not apply to any proceeding or appeal provided for in G.S. 57D-7-30 through G.S. 57D-7-32. (2013-157, s. 2.)

Article 8 - Derivative Actions.

N.C. Gen. Stat. § 57D-8-01. Member derivative actions
(a) Subject to the provisions of G.S. 57D-8-02 and G.S. 57D-8-03, a member may bring a derivative action if the following conditions are met:...
N.C. Gen. Stat. § 57D-8-02. Stay of proceedings
If the LLC commences an inquiry into the allegations set forth in the demand or complaint, the court may stay a derivative proceeding. (2013-157,...
N.C. Gen. Stat. § 57D-8-03. Dismissal
(a) The court shall dismiss a derivative proceeding on motion of the LLC if one of the groups specified in subsection (b) or (f)...
N.C. Gen. Stat. § 57D-8-04. Discontinuance or settlement
(a) A derivative proceeding may not be discontinued or settled without the court's approval. If the court determines that a proposed discontinuance or settlement...
N.C. Gen. Stat. § 57D-8-05. Payment of expenses
On termination of the derivative proceeding, the court may do any of the following: (1) Order the LLC to pay the plaintiff's expenses, including...
N.C. Gen. Stat. § 57D-8-06. Applicability to foreign LLCs
In any derivative proceeding in the right of a foreign LLC, the matters covered by this Article will be governed by the law of...
N.C. Gen. Stat. § 57D-8-07. Privileged communications
In any derivative proceeding, no member is entitled to obtain or have access to any communication within the scope of the LLC's attorney-client privilege...

Article 9 - Conversion and Merger.

N.C. Gen. Stat. § 57D-9-01. Definitions
Unless otherwise specifically provided, the following definitions apply in this Article: (1) Articles of organization and conversion. - The document filed by the Secretary...
N.C. Gen. Stat. § 57D-9-02. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-03. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-04. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-05. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-06. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-07. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-08. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-09. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-10. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-11. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-12. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-13. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-14. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-15. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-16. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-17. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-18. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-19. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-20. Conversion
An eligible entity other than an LLC may convert to an LLC if both of the following requirements are met: (1) The conversion is...
N.C. Gen. Stat. § 57D-9-21. Plan of conversion
(a) The converting entity must approve a written plan of conversion containing the following: (1) The name, type of entity, and jurisdiction whose law...
N.C. Gen. Stat. § 57D-9-22. Filing of articles of organization and conversion by the converting entity
(a) After a plan of conversion has been approved by the converting entity as provided in G.S. 57D-9-21, the converting entity shall deliver articles...
N.C. Gen. Stat. § 57D-9-23. Effective date; effects of conversion
(a) The conversion takes effect when the articles of organization and conversion of the converting entity filed by the Secretary of State become effective,...
N.C. Gen. Stat. § 57D-9-24. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-25. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-26. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-27. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-28. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-29. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-30. Conversion
An LLC may convert to a different eligible entity if both of the following requirements are met: (1) The conversion is permitted by the...
N.C. Gen. Stat. § 57D-9-31. Plan of conversion
(a) The converting LLC must approve a written plan of conversion containing the following: (1) The name of the converting LLC immediately before the...
N.C. Gen. Stat. § 57D-9-32. Articles of conversion
(a) After a plan of conversion has been approved by the converting LLC as provided in G.S. 57D-9-31, the converting LLC shall deliver articles...
N.C. Gen. Stat. § 57D-9-33. Effects of conversion
(a) When the conversion takes effect, the following shall occur: (1) The converting LLC ceases its prior form of organization and continues in existence...
N.C. Gen. Stat. § 57D-9-34. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-35. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-36. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-37. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-38. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-39. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-40. Merger
An LLC may merge with one or more other eligible entities if both of the following requirements are met: (1) The merger is permitted...
N.C. Gen. Stat. § 57D-9-41. Plan of merger
(a) Each merging entity must approve a written plan of merger containing the following: (1) The name, type of entity, and jurisdiction whose law...
N.C. Gen. Stat. § 57D-9-42. Articles of merger
(a) After a plan of merger has been approved by each merging entity as provided in G.S. 57D-9-41, the surviving entity shall deliver articles...
N.C. Gen. Stat. § 57D-9-43. Effects of merger
(a) When the merger takes effect, the following shall occur: (1) Each merging entity other than the surviving entity merges into the surviving entity,...
N.C. Gen. Stat. § 57D-9-44. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-45. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-46. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-47. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-48. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-9-49. Reserved for future codification purposes

Article 10 - Miscellaneous.

N.C. Gen. Stat. § 57D-10-01. Purpose; public policy
(a) This Chapter is to be applied to promote its purposes and policies. (b) The purpose of this Chapter is to provide a flexible...
N.C. Gen. Stat. § 57D-10-02. Rules of construction; coordination with other law
(a) Unless displaced by this Chapter, the rules of law and equity supplement this Chapter. (b) The rule that statutes in derogation of the...
N.C. Gen. Stat. § 57D-10-03. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-10-04. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-10-05. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-10-06. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-10-07. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-10-08. Reserved for future codification purposes
N.C. Gen. Stat. § 57D-10-09. Reserved for future codification purposes

Article 11 - Transition Provisions.

N.C. Gen. Stat. § 57D-11-01. Applicability of act
The provisions of this Chapter apply to every LLC, whether formed on, before, or after January 1, 2014, and the interest owners of every...
N.C. Gen. Stat. § 57D-11-02. Application to qualified foreign LLCs
A foreign LLC authorized to transact business in this State immediately before the repeal of Chapter 57C of the General Statutes is subject to...
N.C. Gen. Stat. § 57D-11-03. Saving provisions
(a) The existence of LLCs formed before January 1, 2014, shall not be impaired by the repeal of Chapter 57C of the General Statutes...

Last modified: March 23, 2014