N.D. Admin Code 72-03-01-02 - Series disclosure - Domestic
The establishment of a series in an operating agreement must be disclosed to the secretary of state.
1. The domestic parent limited liability
company shall file articles of organization with the secretary of state.
a. If the series is established at the time
of the filing of articles of organization of the parent limited liability
company, the establishment, along with the name of each child series, must be
disclosed in those articles of organization.
b. If the series is established any time
after the filing of articles of organization of the parent limited liability
company, the establishment, along with the name of each child series, must be
disclosed promptly in articles of amendment filed with the secretary of state
in compliance with North Dakota Century Code section 10-32.1-21.
2. A copy of the operating
agreement may not be accepted by the secretary of state as a form of disclosure
of the establishment of a series.
Notes
General Authority: NDCC 10-32.1-102(14)
Law Implemented: NDCC 10-32.1-102
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