Chapter 57d. North Carolina Limited Liability Company Act

Article 1. General Provisions

• Part 1. Short Title; Reservation of Power; Definitions
• Part 2. Filing Documents
• Part 3. Secretary of State

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

• Part 1. Purposes and Powers
• Part 2. Formation; Articles of Organization; Amendment of Articles; Annual Report
• Part 3. Operating Agreement
• Part 4. Registered Office and Registered Agent

Article 3. Membership and Management

• Part 1. Membership
• Part 2. Managers
• Part 3. Liability

Article 4. Contributions and Distributions

• N.C. Gen. Stat. § 57D-4-01 Form of Contributions
• N.C. Gen. Stat. § 57D-4-02 Liability For Contributions
• N.C. Gen. Stat. § 57D-4-03 Interim Distributions
• N.C. Gen. Stat. § 57D-4-04 Distribution In Kind
• N.C. Gen. Stat. § 57D-4-05 Restrictions On Making Distributions
• N.C. Gen. Stat. § 57D-4-06 Liability For Wrongful Distributions
• N.C. Gen. Stat. § 57D-4-07 Right to Distribution

Article 5. Transfer of Ownership Interests; Withdrawal

• N.C. Gen. Stat. § 57D-5-01 Nature of Ownership Interest
• N.C. Gen. Stat. § 57D-5-02 Transfer of Economic Interests
• N.C. Gen. Stat. § 57D-5-03 Rights of Judgment Creditor
• N.C. Gen. Stat. § 57D-5-04 Certain Rights and Liabilities of Economic Interest Owners and Transferors of Ownership Interests
• N.C. Gen. Stat. § 57D-5-05 No Right to Voluntarily Withdraw Capital Or Terminate Obligations

Article 6. Dissolution

• N.C. Gen. Stat. § 57D-6-01 Dissolution
• N.C. Gen. Stat. § 57D-6-02 Grounds For Judicial Dissolution
• N.C. Gen. Stat. § 57D-6-03 Procedure For Judicial Dissolution
• N.C. Gen. Stat. § 57D-6-04 Receivership
• N.C. Gen. Stat. § 57D-6-05 Decree of Judicial Dissolution
• N.C. Gen. Stat. § 57D-6-06 Administrative Dissolution
• N.C. Gen. Stat. § 57D-6-07 Winding Up
• N.C. Gen. Stat. § 57D-6-08 Marshaling of Assets
• N.C. Gen. Stat. § 57D-6-09 Articles of Dissolution
• N.C. Gen. Stat. § 57D-6-10 Known Claims Against Dissolved Llc
• N.C. Gen. Stat. § 57D-6-11 Unknown and Certain Other Claims Against Dissolved Llc
• N.C. Gen. Stat. § 57D-6-12 Enforcement of Claims
• N.C. Gen. Stat. § 57D-6-13 Court Proceedings For Contingent Claims

Article 7. Foreign Llcs

• Part 1. Certificate of Authority
• Part 2. Withdrawal
• Part 3. Revocation of Certificate of Authority

Article 8. Derivative Actions

• N.C. Gen. Stat. § 57D-8-01 Member Derivative Actions
• N.C. Gen. Stat. § 57D-8-02 Stay of Proceedings
• N.C. Gen. Stat. § 57D-8-03 Dismissal
• N.C. Gen. Stat. § 57D-8-04 Discontinuance Or Settlement
• N.C. Gen. Stat. § 57D-8-05 Payment of Expenses
• N.C. Gen. Stat. § 57D-8-06 Applicability to Foreign Llcs
• N.C. Gen. Stat. § 57D-8-07 Privileged Communications

Article 9. Conversion and Merger

• Part 1. Definitions
• Part 2. Conversion to an Llc
• Part 3. Conversion of an Llc
• Part 4. Merger

Article 10. Miscellaneous

• N.C. Gen. Stat. § 57D-10-01 Purpose; Public Policy
• N.C. Gen. Stat. § 57D-10-02 Rules of Construction; Coordination With Other Law
• N.C. Gen. Stat. § 57D-10-03 Reserved
• N.C. Gen. Stat. § 57D-10-04 Reserved
• N.C. Gen. Stat. § 57D-10-05 Reserved
• N.C. Gen. Stat. § 57D-10-06 Reserved
• N.C. Gen. Stat. § 57D-10-07 Reserved
• N.C. Gen. Stat. § 57D-10-08 Reserved
• N.C. Gen. Stat. § 57D-10-09 Reserved

Article 11. Transition Provisions

• N.C. Gen. Stat. § 57D-11-01 Applicability of Act
• N.C. Gen. Stat. § 57D-11-02 Application to Qualified Foreign Llcs
• N.C. Gen. Stat. § 57D-11-03 Saving Provisions