North Carolina General Statutes 57D-10-01. Purpose; public policy
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In North Carolina General Statutes 57D-10-01
- Contract: A legal written agreement that becomes binding when signed.
(a) This Chapter is to be applied to promote its purposes and policies.
(b) The purpose of this Chapter is to provide a flexible framework under which one or more persons may organize and manage one or more businesses as they determine to be appropriate with minimum prescribed formalities or constraints.
(c) It is the policy of this Chapter to give the maximum effect to the principle of freedom of contract and the enforceability of operating agreements. (2013-157, s. 2.)