North Carolina General Statutes 57D-2-01. Nature, purposes, duration, existence
Terms Used In North Carolina General Statutes 57D-2-01
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
- Statute: A law passed by a legislature.
(a) An LLC is an entity distinct from its interest owners.
(b) An LLC has perpetual duration.
(c) Subject to subsection (d) of this section, an LLC may engage in any lawful business.
(d) A limited liability company engaging in a business that is subject to regulation under another statute of this State may be formed or authorized to transact business under this Chapter if not precluded by the other statute and is otherwise subject to the application of the other statute, which in the case of a limited liability company rendering a professional service requires giving effect to N.C. Gen. Stat. § 57D-2-02.
(e) After the dissolution of an LLC, the LLC continues its existence but shall wind up pursuant to N.C. Gen. Stat. § 57D-6-07. (2013-157, s. 2.)