N.D. Cent. Code § 10-06.1-05
This is the official text of N.D. Cent. Code § 10-06.1-05, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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10-06.1-05. Conversion of limited liability company
Official statutory text
10-06.1-05. Conversion of limited liability company
1. A business limited liability company regulated under chapter 10-32.1 may convert to a
farming or ranching limited liability company or an authorized livestock farm limited
liability company by adopting an amendment to its articles of organization or by
applying for an amended certificate of authority which specifies that the limited liability
company elects to be subject to this chapter and by complying with all requirements of
this chapter. The amendment must be filed with the secretary of state with the
prescribed fee and with the initial report required by section 10-06.1-15 or
10-06.1-15.2.
2. A farming or ranching limited liability company or an authorized livestock farm limited
liability company may convert to a business limited liability company by adopting an
amendment to its articles of organization or by applying for an amended certificate of
authority. The amendment must be filed with the secretary of state with the prescribed
fee. The amendment must be accompanied by a report outlining the information, as of
the date of the amendment, which is required under section 10-06.1-17 or
10-06.1-17.1, and the manner in which the limited liability company has divested itself
of its owned or leased land holdings and its business of farming or ranching.
1. A business limited liability company regulated under chapter 10-32.1 may convert to a
farming or ranching limited liability company or an authorized livestock farm limited
liability company by adopting an amendment to its articles of organization or by
applying for an amended certificate of authority which specifies that the limited liability
company elects to be subject to this chapter and by complying with all requirements of
this chapter. The amendment must be filed with the secretary of state with the
prescribed fee and with the initial report required by section 10-06.1-15 or
10-06.1-15.2.
2. A farming or ranching limited liability company or an authorized livestock farm limited
liability company may convert to a business limited liability company by adopting an
amendment to its articles of organization or by applying for an amended certificate of
authority. The amendment must be filed with the secretary of state with the prescribed
fee. The amendment must be accompanied by a report outlining the information, as of
the date of the amendment, which is required under section 10-06.1-17 or
10-06.1-17.1, and the manner in which the limited liability company has divested itself
of its owned or leased land holdings and its business of farming or ranching.
Status: in_force · Read it on the official government site
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