North Carolina General Statutes 57D-3-03. Approval of members
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The approval of all members is required to do any of the following:
(1) Adopt or amend an operating agreement.
Terms Used In North Carolina General Statutes 57D-3-03
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
(2) Admit any person as a member.
(3) Other than in the ordinary course of business, transfer in one transaction or a series of related transactions all or substantially all of the assets of the LLC prior to the dissolution of the LLC.
(4) Dissolve the LLC under circumstances other than those for which the LLC may be dissolved under Article 6 of this Chapter.
(5) Convert the LLC into a different eligible entity under Article 9 of this Chapter.
(6) Merge the LLC with or into another eligible entity under Article 9 of this Chapter. (2013-157, s. 2.)