North Dakota Code 10-31-05 – Name
1. The name of a professional organization:
Terms Used In North Dakota Code 10-31-05
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Organization: includes a foreign or domestic association, business trust, corporation, enterprise, estate, joint venture, limited liability company, limited liability partnership, limited partnership, partnership, trust, or any legal or commercial entity. See North Dakota Code 1-01-49
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership: includes a limited liability partnership registered under chapter 45-22. See North Dakota Code 1-01-49
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
a. In the form of a corporation incorporated under this chapter must contain: (1) The word “chartered”; (2) The word “limited” or the abbreviation “Ltd.”; (3) The words “professional corporation” or either the abbreviation “P.C.” or the abbreviation “PC”, either of which may be used interchangeably for all purposes authorized by this chapter, including real estate matters, contracts, and filings with the secretary of state; or
(4) The words “professional association” or either the abbreviation “P.A.” or the abbreviation “PA”, either of which may be used interchangeably for all purposes authorized by this chapter, including real estate matters, contracts, and filings with the secretary of state.
b. In the form of a limited liability company organized under this chapter must contain:
(1) The words “professional limited liability company” or “limited liability company”; (2) The abbreviations:
(a) “P.L.C.” or “PLC”, either of which may be used interchangeably for all purposes authorized by this chapter, including real estate matters, contracts, and filings with the secretary of state; (b) “P.L.L.C.” or “PLLC”, either of which may be used interchangeably for all purposes authorized by this chapter, including real estate matters, contracts, and filings with the secretary of state; or
(c) “L.L.C.” or “LLC”, either of which may be used interchangeably for all purposes authorized by this chapter, including real estate matters, contracts, and filings with the secretary of state.
c. In the form of a limited liability partnership registered under this chapter shall contain:
(1) The words “professional limited liability partnership”; or
(2) The abbreviations:
(a) “P.L.L.P.” or “PLLP”, either of which may be used interchangeably for all purposes authorized by this chapter, including real estate matters, contracts, and filings with the secretary of state; or
(b) “L.L.P.” or “LLP”, either of which may be used interchangeably for all purposes authorized by this chapter, including real estate matters, contracts, and filings with the secretary of state.
2. The use of any other word, abbreviation, affix, or prefix indicating that it is a corporation, limited liability company, or limited liability partnership in the name of an organization created under this chapter, other than the words and abbreviations set forth in subsection 1, is prohibited.